WEC Energy discloses Klappa's Non-Executive Chairman compensation: $120K retainer + $160K RSU + $187.5K additional

WEC ENERGY GROUP, INC.

Gale Klappa transitions from Executive to Non-Executive Chairman after May 2024 shareholder meeting.
Annual retainer fee of $120,000 and restricted stock award valued at $160,000 under director comp plan.
Additional annual retainer of $187,500 for service as Non-Executive Chairman.
2024 fees prorated to reflect partial-year service; no additional restricted stock in 2024.

item 5.02

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Role change

Gale Klappa

Non-Executive Chairman

WEC · WEC ENERGY GROUP, INC.

Filed: January 19, 2024, 6:59 PM ET

Mr. Klappa will serve as Executive Chairman of the Company until the date of the annual shareholders meeting in May 2024, at which time he will transition to the role of Non-Executive Chairman of the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gale Klappa changed role as Non-Executive Chairman at WEC ENERGY GROUP, INC..

Action: transition
Role: Non-Executive Chairman

Exact text from the filing

Mr. Klappa will serve as Executive Chairman of the Company until the date of the annual shareholders meeting in May 2024, at which time he will transition to the role of Non-Executive Chairman of the Board.

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WEC ENERGY GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000107815-24-000082

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