Lane Thomas K 4

What Happened
Lane Thomas, a director of WEC Energy Group, received 296.45 phantom stock units (derivative awards) on April 7, 2026. The units are recorded at $117.42 each for a total value of $34,808. This was an award/acquisition under a director compensation deferral and not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-07; reported on Form 4 filed 2026-04-08 (within the typical 2-business-day reporting window).
• Transaction type: A (award/acquisition of derivative phantom stock units).
• Units granted: 296.45 phantom stock units @ $117.42 each = $34,808.
• Shares owned after transaction: Not disclosed on the Form 4.
• Footnotes:
  • F1: One-for-one (each unit corresponds to one share-equivalent).
  • F2: Units were acquired via a deferral of director fees; exempt from Section 16(b) under Rule 16b-3(d).
  • F3: Units accrued under the Director’s Deferred Compensation Plan (DDCP) and will be settled according to the plan terms.
  • F4: Includes units accrued via a dividend reinvestment feature of the DDCP (exempt under Rule 16a-11).

Context
These are phantom stock units (derivatives) that track the value of WEC shares and are accrued under the company’s DDCP; they do not represent an immediate open-market purchase of common stock. Such awards are common for director compensation and are typically settled later in accordance with plan rules, so they may not change voting power or immediate share count until settlement.