WEC Energy Group, Inc. has recently released its 10-K report, providing a comprehensive overview of its business operations. The company, through its subsidiaries, offers regulated natural gas and electricity, as well as renewable and nonregulated renewable energy services across the United States. WEC Energy operates in various segments, including Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure. The company's services encompass electricity generation and distribution from various sources, such as coal, natural gas, oil, nuclear, wind, solar, hydroelectric, and biomass, alongside natural gas distribution and transportation. As of December 31, 2023, WEC Energy operated extensive miles of distribution lines, cables, and natural gas mains, showcasing its significant infrastructure presence.
Moving on to ITEM 12 of the 10-K report, the security ownership information highlights the equity compensation plans as of December 31, 2024. The report indicates that WEC Energy Group has 2,916,902 securities to be issued upon the exercise of outstanding options, warrants, and rights, with a weighted average exercise price of $82.32. Additionally, the company has 7,038,414 securities remaining available for future issuance under its equity compensation plans, excluding shares reflected in the outstanding options, warrants, and rights. The table provided in the report offers a clear insight into the company's equity compensation plans, demonstrating its commitment to aligning the interests of management and shareholders through stock-based incentives.
This information from the 10-K report sheds light on WEC Energy Group's business operations and its approach to equity compensation, providing investors and stakeholders with valuable insights into the company's financial and ownership structures. Today the company's shares have moved 0.5% to a price of $104.01. For more information, read the company's full 10-K submission here.
