Management ChangeMay 8, 2026, 06:07 AM
WEC Energy Group Chairman Gale Klappa Departs; Stock Vesting Accelerated
AI Summary
WEC Energy Group announced that Gale Klappa completed his service as Chairman of the Board on May 7, 2026, having reached the company's retirement age. In recognition of his contributions, the Compensation Committee approved the acceleration of vesting for approximately 1,616 unvested shares of restricted stock awarded to Mr. Klappa, effective the same day.
Key Highlights
- Gale Klappa completed his service as Chairman of the Board on May 7, 2026.
- His departure was due to reaching the applicable retirement age under company guidelines.
- The Compensation Committee approved the acceleration of vesting for his unvested restricted stock.
- Approximately 1,616 shares of restricted stock had their vesting accelerated.
- The acceleration of vesting was effective May 7, 2026.