secwatch.observer — SEC 8-K summary
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Issuer:     WEC ENERGY GROUP, INC. (WEC)
CIK:        0000783325
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0000107815-24-000113
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Michael Hooper appointed President of Wisconsin Utilities at WEC Energy Group, effective April 1, 2024
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- Hooper will report to CEO Scott Lauber; previously President of NIPSCO (NiSource subsidiary).
- Base salary set at $650,000; short-term incentive target 80% of base; long-term incentive target 170% of base.
- Company to credit $300,000 annually to Executive Deferred Compensation Plan for five years, vesting at fifth anniversary.
- 2024 long-term awards at 170% target level with standard mix of performance units, restricted stock, and stock options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783325/000010781524000113/0000107815-24-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783325/000010781524000113/wec-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000107815-24-000113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer