Lauber Scott J 4
Research Summary
AI-generated summary
WEC CEO Scott Lauber Exercises Options, Sells 8,089 Shares
What Happened
- Scott J. Lauber, President & CEO and a director of WEC Energy Group (WEC), exercised 8,089 stock options on Feb 9, 2026 (exercise cost $58.30 per share; total $471,629) and immediately sold 8,089 common shares in the open market for an aggregate of $895,462 (weighted-average sale price $110.70). The derivative line showing a $0 disposition reflects conversion/exercise of the options into shares.
Key Details
- Transaction date: February 9, 2026; Form filed February 11, 2026 (appears timely).
- Exercise: 8,089 shares at $58.30 each — total exercise cost $471,629.
- Sale: 8,089 shares at a weighted average price of $110.70 — total proceeds $895,462. (Sales ranged from $110.5450 to $110.9300; reporter can provide breakdown on request — see footnote F2.)
- Net difference (proceeds minus exercise cost): roughly $423,833 (pre-tax, not reported as net proceeds in filing).
- Shares owned after the transaction: not specified in the excerpt of the filing provided.
- Notable footnotes:
- F2: sale price is a weighted average across multiple trades (range noted above).
- F4: options vested 100% on the date indicated (so immediate exercisability).
- F1/F3: filing also references shares from dividend reinvestment and the Employee Retirement Savings Plan that are subject to certain Section 16 exemptions; these relate to plan-accounted shares, not to the exercised options listed above.
Context
- This was an option exercise followed by an immediate open-market sale (a cashless or simultaneous exercise/sale pattern). That pattern is common when executives realize gains from vested options; it is a routine liquidity event rather than a direct buy/sell sentiment signal.
- The filing contains standard plan- and exemption-related notes; no 10b5-1 plan or gift notation is indicated in the provided excerpt.