WEC Energy Group management check
WEC · Utilities · Electric Utilities · CEO Mr. Lauber
Filings as of
2 good · 3 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $135, against $149 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.81 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $621k sold in six months.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +1.2% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Kevin Fletcher, Mr. Lauber. 12 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 39 | 53 | |
| Pay for performance | 90 | 81 | |
| CEO cost | — | — | 50 |
| Skin in the game | — | — | 45 |
| Dilution | 34 | 37 | |
| Stable leadership | 25 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electric Utilities, by management score. WEC Energy Group is 22nd of 30 in its sector.
- 30CEGConstellation Energy84
- 62VSTVistra Corp.79
- 143EIXEdison International72
- 145PPLPPL Corporation72
- 252EVRGEvergy64
- 254PEGPublic Service Enterprise Group64
- 270ETREntergy63
- 285LNTAlliant Energy62
- 338EXCExelon59
- 354ESEversource Energy58
Pay versus performance
From the proxy statement filed March 26, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Lauber | $12.2m | $20.9m | $3.6m | $135 | $149 | — |
| 2024 | — | $10.9m | $16.2m | $4.7m | $117 | $129 | — |
| 2023 | — | $9.6m | $5.7m | $5.2m | $101 | $111 | — |
| 2022 | Kevin Fletcher | $8.2m | $17.3m | $4.4m | $108 | $120 | — |
| 2021 | — | $18.5m | $14.2m | $4.9m | $109 | $117 | — |
The board says pay is tied most to Adjusted Earnings Per Share (diluted). Its other key measures: Adjusted Earnings Per Share, Net Income, Cash Flow, Return on Equity.
Insiders and the CEO's stake
Light activity: no buys, $621k sold in six months.
- SoldDaniel KruegerEVP WEC Infrastructure$518kMay 19, 2026
- SoldUlice Jr PayneDirector$103kAug 11, 2026
Leadership and governance on file
- Aug 11, 2026Leadership change8-K 5.02
- May 8, 2026Leadership change8-K 5.02
- Dec 5, 2025Leadership change8-K 5.02
- May 12, 2025Leadership change8-K 5.02
- Jan 17, 2025Leadership change8-K/A 5.02
- Dec 6, 2024Leadership change8-K 5.02
- Oct 18, 2024Leadership change8-K 5.02
- May 13, 2024Leadership change8-K 5.02
- Mar 12, 2024Leadership change8-K 5.02
- Jan 19, 2024Leadership change8-K/A 5.02
- Dec 11, 2023Leadership change8-K 5.02
- Nov 9, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 12, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $5.1bn returned to owners in buybacks and dividends, and $147.7m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.3bn | $9.6bn | $8.9bn | $8.6bn | $9.8bn |
| Net income | — | — | — | — | — |
| Stock-based pay | $15.7m | $34.8m | $9.7m | $39.3m | $48.2m |
| Buybacks | $33.1m | $69.2m | $16.6m | $3.2m | $1.3m |
| Dividends | $854.8m | $917.9m | $984.2m | $1.1bn | $1.1bn |
| Diluted shares | 316m | 316m | 316m | 317m | 324m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.