Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 160

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 160
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|-------:|:----|:---------------------------------------|------:|
| Outstanding and unvested as of January 1, 2024   |     |                  |  8,171 |     | $                                      | 94.12 |
| Granted                                          |     |                  | 10,460 |     |                                        | 84.17 |
| Released                                         |     |                  | -3,832 |     |                                        | 93.79 |
| Forfeited                                        |     |                  |   -640 |     |                                        | 88.60 |
| Outstanding and unvested as of December 31, 2024 |     |                  | 14,159 |     |                                        | 87.11 |

The intrinsic value of WEC Energy Group restricted stock held by our employees that was released was $0.3 million for each of the years ended December 31, 2024 and 2023, and was $0.4 million for the year ended December 31, 2022. The actual tax benefit from released restricted shares was $0.1 million for each of the years ended December 31, 2024, 2023, and 2022.

As of December 31, 2024, we expected to recognize approximately $1.7 million of unrecognized compensation cost related to unvested and outstanding WEC Energy Group restricted stock over the next 1.8 years on a weighted-average basis.

| Wisconsin Electric Power Company |     | B-46 |     | 2024 Annual Financial Statements |

During the first quarter of 2025, the Compensation Committee awarded 10,162 WEC Energy Group restricted shares to our officers and other key employees under its normal schedule of awarding long-term incentive compensation. The grant date fair value of these awards was $94.55 per share.

#### Performance Units
During 2024, 2023, and 2022, the Compensation Committee awarded 34,037; 19,780; and 21,158 WEC Energy Group performance units, respectively, to our officers and other key employees under the WEC Energy Group Performance Unit Plan.

Performance units with an intrinsic value of $0.3 million, $1.2 million, and $2.8 million were settled during 2024, 2023, and 2022, respectively. The actual tax benefit from the distribution of performance units for the same years was $0.1 million, $0.3 million,