[Form 4] WEC Energy Group, Inc. Insider Trading Activity

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Franklin Mutual Advisers, LLC (FMA) filed Amendment No. 8 to Schedule 13G for Voya Financial, Inc. (VOYA) covering the 30 Jun 2025 event date. FMA now reports 2,527,999 VOYA common shares, equal to 2.6 % of the outstanding class, with sole voting and dispositive power over all shares and zero shared power. Item 5 confirms the stake is 5 % or less, signalling a purely passive holding. The shares are owned by open-end funds and managed accounts for which FMA acts as investment adviser; FMA disclaims direct pecuniary interest and asserts no intent to influence control. The administrative update, signed 01 Aug 2025 by Assistant Secretary Thomas C. Mandia, simply records current beneficial ownership and does not announce any transaction, governance change, or strategic shift.

Insights

TL;DR: 2.6 % passive stake; filing is routine, market impact minimal.

This amendment shows Franklin Mutual Advisers trimming or maintaining a position now beneath the 5 % reporting threshold, holding 2.53 million VOYA shares. Because the adviser retains sole voting and dispositive power yet files under Rule 13d-1(b), the stake appears passive and non-activist. The absence of transactional detail or control intent means little read-through for VOYA鈥檚 strategy or valuation. Investors may note continued institutional support but should not expect governance pressure or near-term share-flow catalysts stemming from this disclosure.

TL;DR: Ownership below 5 % removes large-holder influence risk; governance status quo.

Dropping under 5 % reduces regulatory burdens for both FMA and VOYA and lessens the probability of Schedule 13D activism. FMA explicitly certifies passive intent and cites internal information barriers within Franklin Resources, limiting coordinated action. Consequently, board dynamics and proxy considerations remain unchanged. From a governance standpoint, this filing neither increases nor diminishes external oversight pressure on VOYA鈥檚 management.

08/05/2025 - 05:04 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reese Anthony

(Last)

(First)

(Middle)

231 WEST MICHIGAN STREET

(Street)

MILWAUKEE

53203

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WEC ENERGY GROUP, INC. [ WEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/01/2025		M		4,177	A	$91.06	5,934	D
Common Stock	08/01/2025		S		4,177	D	$110.3047⁽¹⁾	1,757	D
Common Stock								3,128.7013⁽²⁾	I	ERSP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$91.06	08/01/2025		M			4,177	01/04/2024	01/04/2031	Common Stock	4,177	$0	0	D

Explanation of Responses:

1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.14 to $110.4199, inclusive. The reporting person undertakes to provide to WEC Energy Group (WEC), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

2. Includes shares acquired under WEC Energy Group, Inc.'s Employee Retirement Savings Plan (ERSP) in transactions exempt from Section 16(b) pursuant to Rule 16b-3(c) and exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B). The number of shares in the ERSP attributable to any one participant varies with the price of the Common Stock. The information in this report is based on a plan statement dated as of July 31, 2025.

Remarks:

	Joshua M. Erickson, as attorney in fact	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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