Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 33

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 33
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%     |     |              |
| DART-recordable injuries                                |     | >60        |     | 36 - 60       |     | <36        |     |           32 |
| Lost-time injuries                                      |     | >19        |     | 9 - 19        |     | <9         |     |           13 |
| Diversity:                                              |     | -2.50%     |     | 0.00%         |     | +2.50%     |     |              |
| Supplier ($ in Millions)                                |     | <145.0     |     | 145.0 - 180.0 |     | >180.0     |     |        225.5 |
| Workforce - Assessment                                  |     | Not Met    |     | Met           |     | Exceeded   |     |     Exceeded |

The Wisconsin utilities' performance against the customer satisfaction, safety and supplier diversity goals, as well as WEC Energy Group's performance against the workforce diversity goals, generated an 8.75% increase to the compensation awarded to Mr. Hooper under the STPP for 2024.

2024 Payouts under the STPP. Based upon the performance against the financial, operational and social goals established by the Compensation Committee, Mr. Lauber received annual incentive cash compensation under the STPP of $3,282,992 for 2024. This represented 286% of his annual base salary. Mmes. Liu and Kelsey, and Messrs. Hooper and Garvin, each received annual cash incentive compensation for 2024 under the STPP equal to 174%, 153%, 81%, and 153% of their respective annual base salaries,

| Wisconsin Electric Power Company |     | 18 |     | 2025 Annual Meeting Information Statement |

representing 207.5% of the target award for each officer, other than Mr. Hooper, whose incentive compensation payout was 108.75% of his target award. As discussed above, Mr. Hooper's incentive award was prorated, which is reflected in these percentages.

The Compensation Committee retains the right to exercise discretion in adjusting awards under the STPP when it deems appropriate. Based upon the 2024 net income of the Wisconsin utilities, Mr. Hooper would not have been entitled to receive his target award from that financial component of the STPP. In considering Mr. Hooper’s STPP award for 202