Danny L. Cunningham - 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
Dec 9, 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 +25.58% $0.00 7.87K Jan 3, 2023 Direct F1
transaction WEC Common Stock Disposed to Issuer -1.61K -20.44% 6.26K Jan 3, 2023 Direct F1, F2

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 +17.5% 10.8K Jan 3, 2023 Common Stock 1.61K Direct F2, F3, F4, F5
* 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 One-for-one.
F4 These phantom stock units were accrued under the DDCP and are to be settled in accordance with the terms of the plan.
F5 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