WEC Energy Group (WEC) Proxy Filing summary

Executive summary

• Achieved record net income and earnings per share in 2024, with a 6.9% dividend increase in January 2025, marking 22 consecutive years of dividend growth.

• Announced a $28 billion five-year capital plan to support safety, reliability, and growth, focusing on clean energy investments and infrastructure modernization.

• Added to S&P's High Yield Dividend Aristocrats Index in 2024 and recognized for strong ESG practices and operational excellence.

Voting matters and shareholder proposals

• Election of 13 directors for one-year terms expiring in 2026.

• Ratification of Deloitte & Touche LLP as independent auditors for 2025.

• Advisory vote on executive compensation (say-on-pay).

• Proposals to amend Articles of Incorporation and Bylaws to eliminate supermajority voting requirements, with the board recommending FOR both.

• Stockholder proposal to support a simple majority vote, with the board recommending AGAINST as board proposals already address this.

Board of directors and corporate governance

• 11 of 13 director nominees are independent; 46% of nominees are diverse by gender or race/ethnicity.

• Board refreshment included two new independent directors in 2025, with a focus on utility industry expertise, audit, risk oversight, and diversity.

• Annual board and committee evaluations, robust succession planning, and ongoing director education.

• Board leadership structure separates CEO and Chairman roles, with an Independent Lead Director.