Lane Thomas K 4

What Happened

• Thomas K. Lane, a director of WEC Energy Group, Inc. (WEC), was granted 267.094 phantom stock units on 2026-07-08. The units were valued at $117.00 each, for a total value of $31,250. This was an award (derivative grant) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-08 at $117.00 per unit (total $31,250).
• Transaction type: Award/Grant of phantom stock units (derivative) — SEC code A.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-07-09 (next day), so appears timely.
• Notable footnotes from the filing:
  • F1: One-for-one (units correspond 1:1 to underlying shares).
  • F2: Units were acquired via deferral of director fees and are 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 per plan terms.
  • F4: Includes units accrued through a dividend reinvestment feature of the DDCP (exempt under Rule 16a-11).

Context

• Phantom stock units are a form of deferred compensation tied to the company’s stock value; they are typically settled in cash or shares later according to the plan, and do not represent immediate open-market buying or selling. Grants to non-employee directors for deferred fees are common and often routine compensation rather than a direct buy/sell signal.