WEC Energy Group Director Defers Fees into Phantom Stock
WEC ENERGY GROUP, INC.
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Filing Summary
š Form 4 Filing Summary for WEC Energy Group, Inc. ($WEC) ā¢ Insider: Danny L. Cunningham (Director) ā¢ Transaction Date: October 7, 2026 ā¢ Type: Acquisition (Deferred Compensation) ā¢ Security: Phantom Stock Units ā¢ Amount: 363.44 shares @ $103.18 (~$37,500) ā¢ Ending Balance: 24,265.67 phantom shares ā¢ Significance: Low (Routine Director Fee Deferral)
Comprehensive Analysis
Executive Summary
On October 9, 2026, Danny L. Cunningham, a Director of WEC Energy Group, Inc. ($WEC), filed a Form 4 disclosing the acquisition of 363.4425 phantom stock units on October 7, 2026. The transaction was priced at $103.18 per unit, totaling approximately $37,500.00.
Transaction Details
- Security: Phantom Stock Units (convertible 1-for-1 into Common Stock)
- Nature of Acquisition: Acquired pursuant to a deferral of director fees under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP), exempt under Rule 16b-3(d).
- Holdings Post-Transaction: Mr. Cunningham now holds 24,265.6707 phantom stock units directly (including units accrued via dividend reinvestment).
Market & Trading Significance
This transaction represents a routine compensation election where board fees are converted into phantom equity units rather than paid out in cash. It reflects standard corporate governance and deferred compensation mechanics rather than an open-market speculative purchase, indicating Low immediate market significance.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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