WEC Energy Group Management

Management criteria checks 3/4

WEC Energy Group's CEO is Scott Lauber, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is $9.55M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth $4.30M. The average tenure of the management team and the board of directors is 5.6 years and 6.3 years respectively.

Key information

Scott Lauber

Chief executive officer

US$9.6m

Total compensation

CEO salary percentage	11.4%
CEO tenure	2.3yrs
CEO ownership	0.02%
Management average tenure	5.6yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Lauber's remuneration changed compared to WEC Energy Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$10m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$8m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$5m	US$922k	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$4m	US$751k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$3m	US$625k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$3m	US$575k	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$2m	US$467k	US$1b

Compensation vs Market: Scott's total compensation ($USD9.55M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Lauber (57 yo)

2.3yrs

Tenure

US$9,552,179

Compensation

Mr. Scott J. Lauber has been President and Manager at WEPCo Environmental Trust Finance I, LLC since January 2021. He has been Director of American Transmission Company LLC since July 2022. He was Presiden...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gale Klappa	Executive Chairman of the Board	20.4yrs	US$11.15m	0.092% $ 24.1m
Scott Lauber	President	2.3yrs	US$9.55m	0.016% $ 4.3m
Xia Liu	Executive VP & CFO	3.9yrs	US$4.51m	0.0055% $ 1.4m
Margaret Kelsey	EVP, General Counsel	6.3yrs	US$2.69m	0.0042% $ 1.1m
Robert Garvin	Executive Vice President of External Affairs	13.1yrs	US$2.41m	0.0044% $ 1.1m
William Mastoris	Executive Vice President of Customer Service & Operations	no data	no data	0.0023% $ 607.6k
William Guc	VP, Controller & Principal Accounting Officer	8.6yrs	no data	0.0026% $ 688.5k
Molly Mulroy	Executive VP & Chief Administrative Officer	2.8yrs	no data	0.0037% $ 972.7k
Mary Straka	Senior Vice President of Corporate Communications & Investor Relations	8.9yrs	no data	0.0012% $ 302.5k
James Schubilske	VP & Chief Audit Officer	5.6yrs	no data	no data
Daniel Krueger	Executive Vice President of WEC Infrastructure & Generation Planning	8.8yrs	no data	0.0019% $ 498.1k
Andy Hesselbach	Senior Vice President of Gas Operations	2.8yrs	no data	no data

5.6yrs

Average Tenure

57yo

Average Age

Experienced Management: 0LSL's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gale Klappa	Executive Chairman of the Board	20.4yrs	US$11.15m	0.092% $ 24.1m
Scott Lauber	President	2.3yrs	US$9.55m	0.016% $ 4.3m
Glen Tellock	Independent Director	2.3yrs	US$260.00k	0.0020% $ 516.3k
Curt Culver	Independent Director	19.9yrs	US$296.95k	0.0017% $ 440.7k
Ulice Payne	Independent Director	21.3yrs	US$300.51k	0.0072% $ 1.9m
Mary Stanek	Independent Director	12.3yrs	US$260.00k	0.0014% $ 370.3k
Patricia Chadwick	Director	17.9yrs	US$424.17k	no data
William Farrow	Independent Director	6.3yrs	US$290.00k	0.0019% $ 498.1k
Cristina Garcia-Thomas	Independent Director	3.3yrs	US$260.00k	0.0013% $ 328.6k
Thomas Lane	Independent Lead Director	4.3yrs	US$280.00k	0.0060% $ 1.6m
Maria Green	Independent Director	4.6yrs	US$260.00k	0.00062% $ 161.7k
Danny Cunningham	Independent Director	6.3yrs	US$280.00k	0.0021% $ 555.5k

6.3yrs

Average Tenure

67.5yo

Average Age

Experienced Board: 0LSL's board of directors are considered experienced (6.3 years average tenure).

WEC Energy Group Management

Management criteria checks 3/4

Key information

Recent management updates

WEC Energy Group, Inc., Annual General Meeting, May 09, 2024

Independent Director recently sold US$142k worth of stock

WEC Energy Group, Inc. Announces the Appointment of Ave M. Bie to the Company’s Board of Directors, Effective January 1, 2023

Independent Director recently sold US$93k worth of stock

Independent Director recently bought US$91k worth of stock

Independent Director recently bought US$91k worth of stock

Recent updates

Fourth quarter dividend of US$0.83 announced

WEC Energy Group, Inc. to Report Q2, 2024 Results on Jul 31, 2024

WEC Energy Group, Inc. Declares Quarterly Dividend, Payable on June 1, 2024

Now 20% undervalued after recent price drop

WEC Energy Group, Inc., Annual General Meeting, May 09, 2024

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2023 earnings released: EPS: US$4.22 (vs US$4.46 in FY 2022)

Upcoming dividend of US$0.83 per share at 4.3% yield

Full year 2023 earnings released: EPS: US$4.22 (vs US$4.46 in FY 2022)

WEC Energy Group, Inc. to Report Q1, 2024 Results on May 01, 2024

WEC Energy Group, Inc. to Report Q4, 2023 Results on Feb 01, 2024

WEC Energy Group, Inc. Declares Quarterly Cash Dividend, Payable on March 1, 2024

WEC Energy Group, Inc. Plans to Increase Dividend in the First Quarter of 2024, Payable March 1, 2024

Upcoming dividend of US$0.78 per share at 3.7% yield

Wec Energy Group, Inc. Reaffirms Earnings Guidance for 2023

Third quarter 2023 earnings released: EPS: US$1.00 (vs US$0.96 in 3Q 2022)

WEC Energy Group Declares Quarterly Dividend, Payable on December 1, 2023

Upcoming dividend of US$0.78 per share at 3.5% yield

WEC Energy Group, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Second quarter 2023 earnings released: EPS: US$0.92 (vs US$0.91 in 2Q 2022)

Independent Director recently sold US$142k worth of stock

Upcoming dividend of US$0.78 per share at 3.3% yield

First quarter 2023 earnings released: EPS: US$1.61 (vs US$1.79 in 1Q 2022)

WEC Energy Group, Inc. to Report Q1, 2023 Results on May 01, 2023

Upcoming dividend of US$0.78 per share at 3.3% yield

Full year 2022 earnings released: EPS: US$4.46 (vs US$4.12 in FY 2021)

WEC Energy Group Announces Project to Demonstrate Long-Duration Organic Flow Battery Storage

WEC Energy Group, Inc. (NYSE:WEC) agreed to acquire 80% stake in Samson I Solar Energy Center for approximately $250 million.

WEC Energy Group, Inc. to Report Q4, 2022 Results on Feb 02, 2023

WEC Energy Group, Inc. announced that it has received $200 million in funding from Apollo Global Management, Inc.

WEC Energy Group, Inc. Announces First Quarter Dividend 2023, Payable March 1, 2023

WEC Energy Group, Inc. Announces the Appointment of Ave M. Bie to the Company’s Board of Directors, Effective January 1, 2023

Independent Director recently sold US$93k worth of stock

Independent Director recently bought US$91k worth of stock

Independent Director recently bought US$91k worth of stock

Upcoming dividend of US$0.73 per share

Third quarter 2022 earnings released: EPS: US$0.96 (vs US$0.92 in 3Q 2021)

WEC Energy Group, EPRI Completes First-Of-Its-Kind Hydrogen Power Test

WEC Energy Group, Inc. (NYSE:WEC) agreed to acquire Maple Flats Solar Energy Center of Invenergy for approximately $360 million.

WEC Energy Group Elects Ave M. Bie to Board of Directors, Effective Jan. 1, 2023

Upcoming dividend of US$0.73 per share

Second quarter 2022 earnings released: EPS: US$0.91 (vs US$0.88 in 2Q 2021)

WEC Energy Group, Inc. Provides Earnings Guidance for the Full Year 2022

WEC Energy Group, Inc. Declares Quarterly Dividend, Payable on September 1, 2022

WEC Energy Group, Inc. Announces Retirement of J. Kevin Fletcher as President

Independent Director recently sold US$79k worth of stock

WEC Energy Group, Inc., Annual General Meeting, May 05, 2022

Upcoming dividend of US$0.73 per share

First quarter 2022 earnings released: EPS: US$1.79 (vs US$1.62 in 1Q 2021)

High number of new directors

WEC Energy Group, Inc. Declares Quarterly Dividend, Payable June 1, 2022

High number of new directors

High number of new directors

WEC Energy Group, Inc. Provides Earnings Guidance for the First Quarter of 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

WEC Energy Group, Inc. reaffirms Earnings Guidance for the Year 2022

Upcoming dividend of US$0.73 per share

WEC Energy Group, Inc. Provides Earning Guidance for Year 2022

Independent Director recently bought US$537k worth of stock

Upcoming dividend of US$0.68 per share

Third quarter 2021 earnings released: EPS US$0.92 (vs US$0.85 in 3Q 2020)

Upcoming dividend of US$0.68 per share

WEC Energy Group, Inc. Provides Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS US$0.88 (vs US$0.77 in 2Q 2020)

High number of new directors

WEC Energy Group, Inc.(NYSE:WEC) dropped from Russell 1000 Dynamic Index

Independent Director recently sold US$231k worth of stock

Independent Director has left the company