Lane Thomas K sold WEC
January 2, 2025 · Form 4 insider transaction
Lane Thomas K sold 1,954.927 shares of WEC Energy Group, Inc., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
In connection with the vesting of restricted stock granted to Mr. Lane on January 2, 2024, Mr. Lane deferred receipt of 1,954.9274, shares of common stock and instead received 1,954.9274 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP). As a result, Mr. Lane is reporting the disposition of 1,954.9274 shares of common stock in exchange for an equal number of phantom stock units.; Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.; The Form 4 filed on January 5, 2023 inadvertently overstated Mr. Lane's direct holdings of common stock by including his indirect holdings in the total amount of his direct holdings. This error was carried over in the Form 4 filed on January 4, 2024. In each year, Mr. Lane's indirect holdings were correctly reported. Mr. Lane's direct holdings on January 3, 2023 (the date of the transaction reported) were 3,276.1952. Mr. Lane's direct holdings on January 3, 2024 (the date of the transaction reported) were 3,617.6273.