Hooper Michael 4

What Happened

• Michael Hooper, Chief Operating Officer of WEC Energy Group (WEC), was granted 2,582.422 phantom stock units (derivative award) valued at $116.17 each, totaling $300,000, on 2026-04-01. On the same date 424 shares were disposed/withheld at $115.94 each to satisfy tax withholding obligations, totaling $49,161.
• The grant (code A) is an award of phantom stock units (a form of deferred compensation), which is generally a non-market acquisition. The withholding (code F) is a routine tax payment and not an open-market sale.

Key Details

• Transaction date: 2026-04-01.
  • Award: 2,582.422 phantom stock units @ $116.17 = $300,000 (derivative award).
  • Tax withholding/disposition: 424 shares @ $115.94 = $49,161 (F).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: units awarded under Mr. Hooper’s employment agreement and accrued under the WEC Energy Group Executive Deferred Compensation Plan (EDCP); includes dividend reinvestment features; units are to be settled per plan terms.
• Filing timeliness: report filed 2026-04-02 for transactions dated 2026-04-01 (no late filing indicated).

Context

• These were phantom stock units (deferred compensation), not immediate purchases of common stock; they are recorded as derivatives and will be settled later according to the EDCP. The 424-share disposition was a tax-withholding event to cover liability from the award, a routine administrative action rather than a market sale.