Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 71

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 71
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,184,455 |     | 1,180,388 |
| Health and Welfare Benefits       |     |         — |     |         — |     |         — |     |    11,408 |     |    11,408 |     |         — |     |         — |
| Death Benefit                     |     |         — |     |         — |     |         — |     |         — |     |         — |     |         — |     | 1,700,000 |
| Total                             |     | 1,184,455 |     | 1,908,526 |     | 1,184,455 |     | 1,751,123 |     | 3,493,553 |     | 2,926,885 |     | 4,622,818 |

| Wisconsin Electric Power Company |     | 37 |     | 2025 Annual Meeting Information Statement |

### PAY RATIO DISCLOSURE
The primary objective of our executive compensation program is to provide a competitive, performance-based plan that enables WEC Energy Group and the Company to attract and retain key individuals and to reward them for achieving both WEC Energy Group’s and the Company’s short-term and long-term goals without creating an incentive for our NEOs to take excessive risks.

For 2024, the annual total compensation of Mr. Lauber of $10,948,091, as shown in the Summary Compensation Table above (“CEO Compensation”), was approximately 81 times the annual total compensation of the median employee of $134,997.

We identified the median employee as of December 31, 2022, using total wages and earnings paid during the rolling 12-month period ended December 31, 2022, as reflected in WEC Energy Group’s internal payroll records (including, without limitation, base salary, wages plus overtime, and annual cash incentive payments, as applicable), for all individuals who were employed by WEC Energy Group or any of its consolidated subsidiaries on December 31, 2022 (whether employed on a full-time, part-time, seasonal or temporary basis and including union and non-union employees). After identifying the median employee, we calculated annual total compensation for such employee using the same methodology we use for our CEO Compensation, which includes annual salary, bonus, change in pension value and 401(k) matching by WEC Energy Group. We decided to use December 31, the last day of our fiscal year, for administrative convenience to align with