KLAPPA GALE E 4
4 · WEC ENERGY GROUP, INC. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
WEC Energy Director Gale Klappa Exercises Options, Sells 3,180 Shares
What Happened
Gale E. Klappa, a director of WEC Energy Group, exercised options to acquire 3,180 shares on February 23, 2026, paying $68.17 per share (total $216,797). The same 3,180 shares were then sold in an open-market transaction at $115.44 per share for total proceeds of $367,099. The filing also reports the derivative instrument disposed in connection with the exercise.
Key Details
- Transaction date: February 23, 2026 (Form 4 filed February 24, 2026) — filing appears timely.
- Exercise: 3,180 shares acquired at $68.17 each for $216,797 (derivative exercise, code M).
- Sale: 3,180 shares sold in open market at $115.44 each for $367,099 (code S).
- Additional derivative entry: 3,180 shares marked as disposed at $0.00 reflecting conversion/termination of the option instrument.
- Net difference (proceeds minus exercise cost): roughly $150,302 before taxes, commissions, or withholding.
- Footnote: F1 notes inclusion of shares attributable to the company ERSP plan; the filing is based on a plan statement dated Feb 24, 2026.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
This is a common pattern: an option exercise followed by an immediate sale (often called a cashless exercise or same-day sell). The derivative entries reflect exercising option rights to obtain common stock, then selling those shares on the open market. These transactions are factual reporting of insider activity and do not, by themselves, indicate the director’s broader view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-23$68.17/sh+3,180$216,797→ 279,780 total - Sale
Common Stock
2026-02-23$115.44/sh−3,180$367,099→ 276,600 total - Exercise/Conversion
Stock Option (right to buy)
2026-02-23−3,180→ 0 totalExercise: $68.17From: 2022-01-02Exp: 2029-01-02→ Common Stock (3,180 underlying)
- 4,106.91(indirect: ERSP)
Common Stock
[F1]
Footnotes (1)
- [F1]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 24, 2026.