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WEC ENERGY GROUP, INC.·4

Apr 8, 4:20 PM ET

STANEK MARY ELLEN 4

Research Summary

AI-generated summary

Updated

WEC Energy Director Mary Ellen Stanek Receives 308.734 Phantom Units

What Happened

Mary Ellen Stanek, a director of WEC Energy Group, received 308.734 phantom stock units (derivative award) on April 7, 2026. The units were valued at $117.42 each for a total grant value of $36,250. This transaction is an award/acquisition (Form 4 code A) rather than an open-market purchase or sale.

Key Details

  • Transaction date: 2026-04-07 (reported on Form 4 filed 2026-04-08) — filing appears timely.
  • Units granted: 308.734 phantom stock units at $117.42 per unit; aggregate value $36,250.
  • Shares owned after transaction: Not specified in the provided filing details.
  • Transaction type/code: Derivative award (A).
  • Relevant footnotes:
    • F1: One-for-one conversion (each unit equals one share on settlement).
    • F2: Units acquired via deferral of director fees; acquisition exempt under Rule 16b-3(d).
    • F3: Units accrued under the Director’s Deferred Compensation Plan (DDCP) and settled per plan terms.
    • F4: Includes units from a dividend reinvestment feature of the DDCP (exempt under Rule 16a-11).

Context

Phantom stock units are a form of deferred compensation that track the value of company shares; they do not represent actual issued common stock until settlement and typically settle in stock or cash per the plan. These units were credited as part of routine director compensation and related dividend reinvestment features, which are commonly exempted from short-swing profit rules. This is a compensation award rather than a market-direction trade and should be viewed as routine board pay, not a direct buy/sell signal.