Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 49

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 49
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 establishing future levels of short-term and long-term incentive compensation.

### TAX AND ACCOUNTING CONSIDERATIONS
When reviewing and adjusting WEC Energy Group's and the Company’s compensation program, the Compensation Committee considers factors that may have an impact on WEC Energy Group's and the Company’s financial performance, including tax and accounting rules. Section 162(m) of the Internal Revenue Code limits the tax deductibility of compensation paid to certain covered employees, generally including the NEOs, to $1 million in any year per person. Although the Compensation Committee takes into consideration the provisions of Section 162(m), it believes that maintaining tax deductibility is only one consideration among many in the design of an effective executive compensation program. Accordingly, achieving the desired flexibility in the design and delivery of compensation may result in compensation that in certain cases is not deductible for federal income tax purposes.

### COMPENSATION COMMITTEE REPORT
The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K with management and, based on such review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this information statement.

The Compensation Committee of
WEC Energy Group, Inc.

Ulice Payne, Jr., Committee Chair

William M. Farrow III

Thomas K. Lane

| Wisconsin Electric Power Company |     | 25 |     | 2025 Annual Meeting Information Statement |

### EXECUTIVE COMPENSATION
The following table summarizes total compensation awarded to, earned by, or paid to the Company's Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), and each of the other individuals identified in the table below (the “NEOs”). The amounts shown in this and all subsequent tables in this information statement are WEC Energy Group consolidated compensation data.

### SUMMARY COMPENSATION TABLE
|                                                                   |     |      |      |           |     |        |           |     |            |           |     |     -3 |           |     |     -4 |           |     |             -5 |           |     |                                                                      -6 |         |     | -7)(8        |           |     |       |            |     |                                       |            |
| Name and                                                          
 Principal Position                                                |     |      | Year |           |     | Salary |           |     | Bonus      |           |     |  Stock 
 Awards |           |     | Option 
 Awards |           |     |     Non-Equity 
 Incentive Plan