WEC Energy Group said on December 5, 2024 that its Compensation Committee set earnings per share at 75% and cash flow at 25% as the main performance measures for most named executive officers' annual incentive under the STPP for the 2025 plan year.

1. 01

   WEC Energy Group said on December 5, 2024 that its Compensation Committee set earnings per share at 75% and cash flow at 25% as the main performance measures for most named executive officers' annual incentive under the STPP for the 2025 plan year.

2. 02

   The company said most NEOs' annual incentive payouts could be increased or decreased by up to 10%, based on performance in the customer satisfaction (5%), safety (2.5%) and supplier and workforce diversity (2.5%) areas.

3. 03

   WEC Energy Group said it will apply performance measures of earnings per share at 25%, cash flow at 25% and the aggregate net income of its Wisconsin utility operations at 50% for NEOs whose positions relate to Wisconsin utility operations.

4. 04

   The company said it selected, for the 2025 performance unit awards, total shareholder return performance against a custom peer group over a 3-year period at 55% and weighted average authorized return on equity at 45% as measures. It said the vesting percentage will not exceed 200% of the target award.

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Original filing

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