Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 52

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 52
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 Company |     | 26 |     | 2025 Annual Meeting Information Statement |

| Name               |     | Change in Pension Value ($) |     | Non-Qualified Deferred Compensation Earnings ($) |     | Total ($) |
| Scott J. Lauber    |     |                     332,397 |     |                                          131,846 |     |   464,243 |
| Xia Liu            |     |                           — |     |                                           53,671 |     |    53,671 |
| Margaret C. Kelsey |     |                           — |     |                                              991 |     |       991 |
| Michael W. Hooper  |     |                           — |     |                                                — |     |         — |
| Robert M. Garvin   |     |                     134,800 |     |                                           26,237 |     |   161,037 |

For 2024, 2023, and 2022, the applicable discount rate used to value pension plan liabilities moved from 5.20% to 5.70%, 5.50% to 5.20%, and 2.95% to 5.50%, respectively. As the discount rate increases, the Company’s pension funding obligation decreases, and vice versa. The changes in the actuarial present values of the NEOs’ pension benefits do not constitute cash payments to the NEOs.

(7) During 2024, each NEO received financial planning services and the cost of an annual physical exam; Mr. Lauber and Ms. Liu were provided with membership in a service that provides healthcare and safety management when traveling outside the United States; Mr. Garvin received reimbursement of dues and fees for club memberships; Mr. Hooper received relocation benefits in the amount of $64,348 in connection with his move to Milwaukee, Wisconsin.

(8) All Other Compensation for Messrs. Lauber, Hooper, and Garvin, and Mmes. Liu and Kelsey, for 2024 also consists of:

• Employer matching of contributions into the WEC Energy Group 401(k) plan in the amount of $13,800 for Messrs. Lauber and Garvin and Mmes Liu and Kelsey, and $7,683 for Mr. Hooper;

• Employer contributions into the WEC Energy Group 401(k) plan in the amount of $20,700 for Mr. Hooper and Mmes. Liu and Kelsey, and into the WEC Energy Group Non