Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 158

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 158
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 |     |   | 2022 |
|:---------------------------------|:--------------|:--|-----:|:----|:--|-----:|:----|---:|:----|:--|-----:|
| Stock options                    |               | $ |  1.8 |     | $ |  1.9 |     |    |     | $ |  2.4 |
| Restricted stock                 |               |   |  2.7 |     |   |  2.3 |     |    |     |   |  2.3 |
| Performance units                |               |   | 11.3 |     |   | -0.9 |     | -1 |     |   |  8.5 |
| Stock-based compensation expense |               | $ | 15.8 |     | $ |  3.3 |     |    |     | $ | 13.2 |
| Related tax benefit              |               | $ |  4.3 |     | $ |  0.9 |     |    |     | $ |  3.6 |

(1) The reduction in expense was due to a decrease in the fair value of the outstanding performance units.

Stock-based compensation costs capitalized during 2024, 2023, and 2022 were not significant.

#### Stock Options
The following is a summary of our employees' WEC Energy Group stock option activity during 2024:

| Stock Options                       |     | Number of Options |         |     | Weighted-Average Exercise Price |       |     | Weighted-Average Remaining Contractual Life 
                                  (in years) |     | Aggregate Intrinsic Value 
 (in millions)             |     |
|:------------------------------------|:----|:------------------|--------:|:----|:--------------------------------|------:|:----|--------------------------------------------:|:----|:--------------------------|----:|
| Outstanding as of January 1, 2024   |     |                   | 448,300 |     | $                               | 75.67 |     |                                             |     |                           |     |
| Granted                             |     |                   |  44,202 |     |                                 | 84.19 |     |                                             |     |                           |     |
| Exercised                           |     |                   | -59,232 |     |                                 | 59.57 |     |                                             |     |