KLAPPA GALE E 4

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.