KLAPPA GALE E 4
4 · WEC ENERGY GROUP, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
WEC Energy Director Gale Klappa Exercises Options and Sells Shares
What Happened
- Gale E. Klappa, a director of WEC Energy Group (WEC), exercised stock options and then sold the resulting shares. Klappa exercised 25,000 shares on Feb 13, 2026 and 5,000 shares on Feb 17, 2026 at $68.17 per share (total cash paid $2,045,250). Klappa sold a total of 30,000 shares in open-market transactions (five 5,000-share lots on Feb 13 and one 5,000-share lot on Feb 17), receiving approximately $3,468,811 in gross proceeds.
- The sequence — option exercise followed by immediate market sales — is a cashless-style outcome (exercise + sale). Sales are routine liquidity events and do not by themselves indicate company outlook.
Key Details
- Transaction dates and prices:
- Exercised (code M): 25,000 shares on 2026-02-13 @ $68.17 ($1,704,375) and 5,000 shares on 2026-02-17 @ $68.17 ($340,875).
- Open-market sales (code S): 5×5,000 shares on 2026-02-13 at weighted average prices ~$115.38–$115.50 (combined ~$2,886,061) and 5,000 shares on 2026-02-17 @ $116.55 ($582,750). Total sales ≈ $3,468,811.
- Footnotes: several sale prices are reported as weighted averages with price ranges (F1–F4); F5 notes ERSP (employee retirement savings plan) share accounting is included in plan statement as of Feb 13, 2026.
- Derivative reporting: the filing includes derivative “disposed” line items at $0 for the exercised lots (these reflect conversion/settlement reporting associated with the option exercise).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Timeliness: Filing was submitted on 2026-02-18 covering transactions through 2026-02-17 and marked late (transactionTimeliness = 'L'), which may trigger SEC follow-up or company disclosure scrutiny.
Context
- For retail investors: purchases (buys) by insiders are often more informative as a bullish signal; here Klappa exercised options but immediately sold the shares, which is a common liquidity/tax management pattern rather than a clear buy signal.
- Option exercise + immediate sale (cashless result) simply converts option value to cash; it does not necessarily reflect a view on WEC’s near-term prospects.
Insider Transaction Report
Form 4
KLAPPA GALE E
Director
Transactions
- Exercise/Conversion
Common Stock
2026-02-17$68.17/sh+5,000$340,875→ 281,600 total - Exercise/Conversion
Common Stock
2026-02-13$68.17/sh+25,000$1,704,375→ 301,600 total - Sale
Common Stock
[F1]2026-02-13$115.38/sh−5,000$576,909→ 296,600 total - Sale
Common Stock
[F2]2026-02-13$115.41/sh−5,000$577,066→ 291,600 total - Sale
Common Stock
[F3]2026-02-13$115.46/sh−5,000$577,320→ 286,600 total - Sale
Common Stock
2026-02-13$115.45/sh−5,000$577,250→ 281,600 total - Sale
Common Stock
[F4]2026-02-13$115.50/sh−5,000$577,516→ 276,600 total - Sale
Common Stock
2026-02-17$116.55/sh−5,000$582,750→ 276,600 total - Exercise/Conversion
Stock Option (right to buy)
2026-02-13−25,000→ 8,180 totalExercise: $68.17From: 2022-01-02Exp: 2029-01-02→ Common Stock (25,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2026-02-17−5,000→ 3,180 totalExercise: $68.17From: 2022-01-02Exp: 2029-01-02→ Common Stock (5,000 underlying)
Holdings
- 4,106.91(indirect: ERSP)
Common Stock
[F5]
Footnotes (5)
- [F1]This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.3500 to $115.4400, inclusive. The reporting person undertakes to provide to WEC Energy Group (WEC), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- [F2]This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.4000 to $115.4401, inclusive. The reporting person undertakes to provide to WEC Energy Group (WEC), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- [F3]This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.4600 to $115.4800, inclusive. The reporting person undertakes to provide to WEC Energy Group (WEC), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- [F4]This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.4900 to $115.5203, inclusive. The reporting person undertakes to provide to WEC Energy Group (WEC), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- [F5]Includes shares acquired under WEC Energy Group, Inc.'s Employee Retirement Savings Plan (ERSP) in transactions exempt from Section 16(b) pursuant to Rule 16b-3(c) and exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B). The number of shares in the ERSP attributable to any one participant varies with the price of the Common Stock. The information in this report is based on a plan statement dated as of February 13, 2026.
Signature
Joshua M. Erickson, as attorney in fact|2026-02-18