Cunningham Danny L has reported the acquisition of 363.44 phantom stock units from WEC Energy Group, Inc. This transaction, filed on October 9, 2026, is significant as it reflects ongoing compensation strategies within the electric and other services combined sector.
The acquisition occurred on October 7, 2026, and was part of a deferral of director fees. The filing indicates that these phantom stock units are to be settled under the terms of WEC Energy Group's Director's Deferred Compensation Plan (DDCP).
Background
Cunningham Danny L is a director at WEC Energy Group, Inc., which operates in the electric and other services combined industry. The company, incorporated in Wisconsin, has a fiscal year ending on December 31. Recent filings show a consistent pattern of transactions, with the latest being this report of phantom stock units.
What the Filing Says
"These phantom stock units were acquired pursuant to a deferral of director fees in an acquisition exempt from Section 16(b) pursuant to Rule 16b-3(d)."
Impact
This acquisition may affect how WEC Energy Group and similar companies approach director compensation. It highlights the importance of deferred compensation plans in attracting and retaining talent in the industry.
What's Next
The filing does not say what happens next.