Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 70

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 70
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 all management employees are eligible to participate. In the event a participant is involuntarily terminated, other than for cause, death, disability, retirement, or resignation, the participant is entitled to receive severance pay in an amount equal to the sum of: (1) 4% of the participant’s annual base salary and target bonus, plus (2) 4% of the participant’s annual base salary and target bonus multiplied by his or her completed years of service with WEC Energy Group and/or the Company. The maximum amount of severance pay that can be received under the plan is twelve months of a participant’s annual base salary and target bonus.

#### Payments under Retention Agreement
See "Retirement Plans" for a discussion of the terms of a retention agreement between WEC Energy Group and Mr. Lauber.

Potential Payments to Named Executive Officers Upon Termination or Change in Control of WEC Energy Group

The following tables show the potential payments upon termination or a change in control of WEC Energy Group for:

| Executive Benefits and            
 Payments Upon Separation          |     | Voluntary Termination 
                   ($) |     |     Normal 
 Retirement 
        ($) |     |   For Cause 
 Termination 
         ($) |     | Involuntary 
 Termination 
         ($) |     | Termination 
 Upon Change 
  in Control 
         ($) |     | Disability 
        ($) |     |      Death 
        ($) |
| Scott J. Lauber                   |     |                       |     |            |     |             |     |             |     |             |     |            |     |            |
| Compensation:                     |     |                       |     |            |     |             |     |             |     |             |     |            |     |            |
| Cash Severance                    |     |                     — |     |          — |     |           — |     |   2,712,283 |     |   2,712,283 |     |          — |     |          — |
| Retention Agreement               |     |                     — |     |          — |     |           — |     |           — |     |           — |     |    945,750 |     |    945,750 |
| Long-Term Incentive Compensation: |     |                       |     |            |     |             |     |             |     |             |     |            |     |            |
| Performance Units                 |     |                     — |     |  3,