Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 32

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 32
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 Met           |     | Exceeded   |     |     Exceeded |

WEC Energy Group’s performance against the customer satisfaction and diversity goals generated a 7.5% increase to the compensation awarded under the STPP for 2024 to each NEO, other than Mr. Hooper. With respect to the safety goals, performance against the goals for DART recordable injuries and the lost-time injury goals did not increase or decrease the compensation awarded.

2024 Wisconsin Utilities Operational and Social Goals and Performance under the STPP. For those officers whose positions primarily relate to utility operations in Wisconsin, including Mr. Hooper, awards can be increased or decreased by up to 10% based upon performance in the areas of customer satisfaction (5%), safety (2.5%) and supplier diversity (1.25%) for WEC Energy Group's Wisconsin utility operations, as well as workforce diversity (1.25%) for the entire family of WEC Energy Group companies.

The Compensation Committee measures customer satisfaction levels based upon the results of surveys that an independent third party conducts of customers who had direct contact with WEC Energy Group's Wisconsin utilities during the year, which measure (i) customers’ satisfaction with the specific Wisconsin utility overall, and (ii) customers’ satisfaction with respect to the particular transactions with the specific utility. Safety is measured based upon performance against the number of lost-time injuries and DART recordable incidents at WEC Energy Group's Wisconsin utilities, including us.

The following table provides the Wisconsin utilities' operational goals approved by the Compensation Committee for 2024, as well as the performance against these goals:

| Operational Measure                                     |     | Below Goal |     | Goal          |     | Above Goal |     | Final Result |
| Customer Satisfaction Percentage of "Highly Satisfied": |     | -5.00%     |     | 0.00%         |     | +5.00%     |     |              |
| Wisconsin utilities                                     |     | <80.5%     |     | 80.5% - 83.1% |     | >83.1%     |     |        84.0% |
| Transaction                                             |     | <82.8%     |     | 82.8% - 85.6% |     | >85.6%     |     |        87.2% |
| Safety:                                                 |     | -2.50%     |     | 0.00%         |     | +2.50