Thomas K. Lane - Jan 3, 2023 Form 4 Insider Report for WEC ENERGY GROUP, INC. (WEC)

Role
Director
Signature
Joshua M. Erickson, as attorney in fact
Stock symbol
WEC
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 08:56 PM
Previous filing
Oct 11, 2022
Next filing
Jan 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEC Common Stock Award $0 +1.6K +14.51% $0.00 12.6K Jan 3, 2023 Direct F1
transaction WEC Common Stock Disposed to Issuer -1.61K -12.72% 11K Jan 3, 2023 Direct F1, F2
holding WEC Common Stock 7.72K Jan 3, 2023 By LLC F3
holding WEC Common Stock 15 Jan 3, 2023 By spouse's revocable trust
holding WEC Common Stock 15 Jan 3, 2023 By revocable trust
holding WEC Common Stock 15 Jan 3, 2023 By family trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WEC Phantom Stock Units Award +1.61K +38.96% 5.73K Jan 3, 2023 Common Stock 1.61K Direct F2, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.
F2 In connection with the vesting of restricted stock granted to the reporting person on January 3, 2022, the reporting person deferred receipt of 1,607.9291 shares of common stock and instead received 1,607.9291 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP). As a result, the reporting person is reporting the disposition of 1,607.9291 shares of common stock in exchange for an equal number of phantom stock units.
F3 These shares are owned by Lane Ventures LLC, which is owned by the 2019 Lane GST Exempt Trust and another family trust; both trusts are for the benefit of the reporting person's immediate family members. The reporting person's spouse is a trustee of both trusts. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 These shares are held by the 2019 Lane GST Exempt Trust for the benefit of the reporting person's immediate family members. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F5 One-for-one.
F6 These phantom stock units were accrued under the DDCP and are to be settled in accordance with the terms of the plan.
F7 Includes phantom stock units accrued pursuant to a dividend reinvestment feature of the DDCP in transactions exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

Exhibit List: Exhibit 24-Power of Attorney