Straka Mary Beth 4
Research Summary
AI-generated summary
WEC Energy (WEC) Sr. VP Mary Beth Straka Exercises Options, Sells Shares
What Happened
- Mary Beth Straka, Senior Vice President — Corporate Communications & Investor Relations at WEC Energy Group, exercised 2,815 option shares (derivative) at an exercise price of $66.02 (cost $185,832) on Feb 13, 2026 and immediately sold the 2,815 shares in the open market for a weighted-average price of $115.50, totaling $325,131. The exercised derivative position for 2,815 shares was cancelled (reported at $0), consistent with a cashless exercise and immediate sale. The implicit approximate pre-tax net proceeds (sale minus exercise cost) were about $139,300.
Key Details
- Transaction date: Feb 13, 2026.
- Exercise: 2,815 shares @ $66.02 (total cost $185,832).
- Sale: 2,815 shares @ weighted-average $115.50 (total proceeds $325,131). Footnote: sale prices ranged from $115.47 to $115.5450; the filer can provide a breakdown on request.
- Derivative: 2,815 option units cancelled/disposed at $0 (reflects exercise).
- Shares owned after the transaction: not specified in the provided filing.
- Filing date: Feb 18, 2026 — appears timely (filed within the normal two-business-day window, accounting for the Feb 16 federal holiday).
Context
- This is a common cashless exercise: the insider exercised options and immediately sold the resulting shares, which is often done to cover exercise costs and taxes rather than as a pure investment purchase. Sales do not necessarily signal negative views; purchases generally carry more weight as bullish signals.