WEC Energy Group

Consistent with previous disclosure, J. Kevin Fletcher, formerly the President and Chief Executive Officer of WEC Energy Group, Inc. (the “Company”), retired from the Company effective June 1, 2022. In light of Mr. Fletcher’s service and significant contributions to the success of the Company, the Compensation Committee of the Company’s Board of Directors approved the acceleration of the vesting of unvested shares of restricted stock awarded to Mr. Fletcher, consisting of approximately 9,707 shares, effective June 1, 2022. 2

On January 20, 2022, J. Kevin Fletcher informed WEC Energy Group, Inc.’s Board of Directors (the “Board”) that, in connection with his retirement in June 2022 and his transition to Senior Adviser on February 1, 2022, he would be resigning from the Board effective February 1, 2022. The Board elected Scott J. Lauber, who will assume the roles of President and Chief Executive Officer of WEC Energy Group effective February 1, 2022, as a director to fill the vacancy created by Mr. Fletcher’s resignation. Mr. Lauber is not entitled to any additional compensation for his role as a director. 2

Performance Measures for Annual Incentive Compensation On December 2, 2021, pursuant to the terms of the WEC Energy Group Short-Term Performance Plan, as amended and restated effective as of January 1, 2019 (the “STPP”), the Compensation Committee of the Board (the “Compensation Committee”) established the overall performance measures and their respective weighting for the upcoming 2022 plan year. For officers of WEC Energy Group, Inc. (“WEC Energy”) and WEC Business Services LLC, the 2022 annual incentive under the STPP will be primarily dependent upon financial achievement determined by WEC Energy’s performance against targets for earnings from continuing operations (75% weight) and cash flow (25% weight).

As reported in the Original 8-K, Scott J. Lauber was appointed President and Chief Executive Officer of the Company effective February 1, 2022. The Original 8-K also reported that J. Kevin Fletcher, currently President and Chief Executive Officer of the Company, announced his plan to retire in June 2022 and that he would serve as senior adviser from February 1, 2022 until his retirement. In recognition of Mr. Lauber’s new position, on December 2, 2021, the compensation committee of the Company’s board of directors set his annual base salary at $1,025,000, his target award under the Company’s short-term performance plan at 140% of base salary, and his long-term incentive target award at 330% of base salary. Otherwise, Mr. Lauber’s compensatory arrangement will remain substantially the same.

On October 21, 2021, as part of WEC Energy Group, Inc.’s (the “Company”) long-term succession plan, the Board of Directors of the Company (the “Board”) approved certain management changes. The Board appointed Scott J. Lauber, the Company’s Senior Executive Vice President and Chief Operating Officer since June 1, 2020, to replace J. Kevin Fletcher as President and Chief Executive Officer of the Company, effective February 1, 2022. Mr. Fletcher, who announced his plan to retire in June 2022, will serve as a senior adviser from February 1, 2022 until his retirement to help with a smooth transition. Mr. Lauber will report to Gale E. Klappa, Executive Chairman of the Board, who will continue to serve in that role until May 2024. In addition to serving as Senior Executive Vice President and Chief Operating Officer of the Company, Mr.

As part of its ongoing director succession planning process, on October 21, 2021, the Board of Directors (the “Board”) of WEC Energy Group, Inc. (“WEC Energy”) increased the number of directors constituting the Board from 10 to 11 and elected Glen E. Tellock to fill the vacancy, effective January 1, 2022. He will also join the Audit and Oversight Committee of the Board at that time. Mr. Tellock is the retired President and Chief Executive Officer of Lakeside Foods Inc., a food processing company based in Wisconsin. Before joining Lakeside Foods, he served in a variety of leadership roles at The Manitowoc Company, Inc., including chairman, president and chief executive officer. The Manitowoc Company is a global manufacturer of engineered lifting solutions. Mr.

At WEC Energy Group, Inc.’s (the “Company”) 2021 Annual Meeting of Stockholders held on May 6, 2021 (the “2021 Annual Meeting”), the Company’s stockholders approved the amendment and restatement of the WEC Energy Group Omnibus Stock Incentive Plan (the “Plan”). The Company’s Board of Directors had already approved the amendment and restatement of the Plan on March 1, 2021, subject to stockholder approval. A description of the amendments and key terms of the Plan is set forth in Proposal 3 of the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 25, 2021, which description is incorporated herein by reference. Such description of the Plan is qualified in its entirety by reference to the full text of the Plan, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

(d) Election of New Director As part of its ongoing director succession planning process, on December 3, 2020, the Board of Directors (the “Board”) of WEC Energy Group, Inc. (“WEC Energy”) increased the number of directors constituting the Board from 12 to 13 and elected Cristina A. Garcia-Thomas to fill the vacancy, effective January 1, 2021. Ms. Garcia-Thomas is the Chief External Affairs Officer of Advocate Aurora Health, Inc. Ms. Garcia-Thomas was also appointed to the Corporate Governance Committee of the Board. Ms. Garcia-Thomas will be compensated according to WEC Energy’s standard compensation program for non-employee directors as described in WEC Energy’s Proxy Statement filed with the Securities and Exchange Commission on March 25, 2020.

In recognition of his strong, continued leadership and to ensure the ongoing mentoring of the next generation of leadership of WEC Energy Group, Inc. (the “Company”), the Company’s Board of Directors has determined that Gale E. Klappa, Executive Chairman of the Company, should continue to serve as Executive Chairman until May 2024. On October 21, 2020, Mr. Klappa entered into a written agreement with the Company highlighting, among other things, that his compensation will be determined in the same manner and subject to the same timing as the Board’s Compensation Committee utilizes for all other named executive officers of the Company. The agreement, which was approved by the Compensation Committee, also provides that Mr. Klappa’s employment is at-will.

As previously disclosed, Frederick D. Kuester, Senior Executive Vice President of WEC Energy Group, Inc. (the “Company”), retired from the Company effective July 1, 2020. In light of Mr. Kuester’s significant contributions to the success of the Company since his return to service, on June 29, 2020, the Compensation Committee of the Company’s Board of Directors accelerated the vesting of all unvested shares of restricted stock awarded to Mr. Kuester, consisting of approximately 20,931 shares, effective July 1, 2020. At the same time, effective July 1, 2020, the Compensation Committee approved additional long-term incentive awards for Scott J. Lauber, Senior Executive Vice President and Chief Operating Officer of the Company, in connection with his June 1, 2020 appointment as Chief Operating Officer.

As previously disclosed, Frederick D. Kuester, Senior Executive Vice President of WEC Energy Group, Inc. (the “Company”), notified the Company of his intent to retire in 2020. It has now been determined that Mr. Kuester's effective retirement date will be July 1, 2020. The Company expects Mr. Kuester to serve in a consulting capacity after retirement, with a focus on the Company's capital plan. 2

On March 31, 2020, as part of WEC Energy Group, Inc.’s (the “Company”) long-term succession plan, the Board of Directors of the Company (the “Board”) approved certain management changes. The Board appointed Scott J. Lauber, age 54, to the position of Senior Executive Vice President and Chief Operating Officer, effective June 1, 2020. Mr. Lauber will report to J. Kevin Fletcher, President and Chief Executive Officer, and continue to serve as a member of the Office of the Chair. Mr. Lauber, currently Senior Executive Vice President and Chief Financial Officer of the Company, has held a number of positions with increasing responsibilities since joining the Company in 1990. He was appointed Senior Executive Vice President effective February 2019 and Chief Financial Officer effective April 2016. Prior to these appointments, Mr.

On January 31, 2020, Frederick D. Kuester, Senior Executive Vice President of WEC Energy Group, Inc. (the “Company”), notified the Company of his intent to retire in 2020, with the specific date to be determined later. To help ensure a smooth transition, Scott J. Lauber, Senior Executive Vice President and Chief Financial Officer of the Company, will assume some of Mr. Kuester’s responsibilities, effective February 1, 2020. Specifically, Mr. Lauber will assume oversight responsibility for the Company’s non-utility energy infrastructure investments as well as the Supply Chain and Real Estate groups. Mr. Lauber will retain his role as Chief Financial Officer and as a member of the Office of the Chair. 2

On December 20, 2019, Gale E. Klappa, Executive Chairman of WEC Energy Group, Inc. (the “Company”), entered into a written agreement with the Company for his 2020 compensation, which was approved by the Compensation Committee of the Board of Directors. Mr. Klappa’s 2020 annual base salary was set at $1,050,000 and his target award under the Company’s short-term performance plan at 105% of base salary. Mr. Klappa will also participate in the long-term incentive plan with a target compensation level of 200% of base salary. Long-term awards will be comprised of 25% performance units, 15% stock options, and 60% restricted stock. Future adjustment of Mr. Klappa’s compensation will be determined in the ordinary course of business by the Compensation Committee.

(d) Election of New Director As part of its ongoing director succession planning process, on December 5, 2019, the Board of Directors (the “Board”) of WEC Energy Group, Inc. (“WEC Energy”) increased the number of directors constituting the Board from 13 to 14 and elected Thomas K. Lane to fill the vacancy, effective January 1, 2020. Mr. Lane is the Vice Chairman of Energy Capital Partners, LLC. Mr. Lane was also appointed to the Finance Committee of the Board. In order to align WEC Energy’s non-employee director compensation program with the market median, the Board approved changes to the compensation program for non-employee directors, effective January 1, 2020. Consistent with these changes, Mr. Lane will receive an annual cash retainer fee of $110,000 and an annual restricted stock award equal to a value of $140,000, with all shares vesting one year from the date of grant.

Effective October 17, 2019, the Board appointed Ms. Green to the Corporate Governance Committee of the Board. 2

On July 16, 2019, Allen L. Leverett submitted his notice of resignation from the Board of Directors (the “Board”) of WEC Energy Group, Inc. (the “Company”), effective July 18, 2019. Mr. Leverett’s decision was personal, not the result of any disagreement with the Company. In addition, as part of its ongoing director succession planning process already underway, on July 18, 2019, the Board elected Maria C. Green to the Board, effective October 1, 2019. Ms. Green is the retired Senior Vice President and General Counsel of Ingersoll-Rand plc. The Board has not yet appointed Ms. Green to any committees of the Board. Ms. Green will be compensated according to the Company’s standard compensation program for non-employee directors as described in the Company’s Proxy Statement filed with the Securities and Exchange Commission on March 21, 2019. Ms.

On January 17, 2019, the Board of Directors (the “Board”) of WEC Energy Group, Inc. (the “Company” or “WEC Energy”) established an Office of the Chair effective February 1, 2019, and appointed the following individuals in the positions indicated to this new Office: Gale E. Klappa, Executive Chairman; J. Kevin Fletcher, President and Chief Executive Officer; Scott J. Lauber, Senior Executive Vice President, Chief Financial Officer and Treasurer; and Frederick D. Kuester, Senior Executive Vice President. The Board named Mr. Klappa, age 68, currently Chairman and Chief Executive Officer of the Company, Executive Chairman effective February 1, 2019. Mr. Klappa has agreed with the Board that he will serve as Executive Chairman of WEC Energy for three years. Mr.

Performance Measures for Annual Incentive Compensation On December 6, 2018, pursuant to the terms of the WEC Energy Group Short-Term Performance Plan, as amended and restated effective as of January 1, 2016 (the “STPP”), the Compensation Committee of WEC Energy’s Board of Directors (the “Compensation Committee”) established the overall performance measures and their respective weighting for the upcoming 2019 plan year. For WEC Energy officers, the 2019 annual incentive under the STPP will be primarily dependent upon financial achievement determined by WEC Energy’s performance against targets for earnings from continuing operations (75% weight) and cash flow (25% weight).

On November 8, 2018, WEC Energy Group, Inc. named Tom Metcalfe President of its Wisconsin utilities, Wisconsin Electric Power Company (“WE”), Wisconsin Public Service Corporation (“WPS”) and Wisconsin Gas LLC, effective November 19, 2018. Mr. Metcalfe, who is currently serving as Executive Vice President – Generation of WE and WPS, will be replacing Kevin Fletcher who was recently named President of WEC Energy Group. The Boards of Directors of WE and WPS took action on the same date appointing Mr. Metcalfe to replace Mr. Fletcher as President, effective November 19, 2018. 2

As reported in the Original 8-K, on October 9, 2018, J. Kevin Fletcher was named President of WEC Energy. In recognition of Mr. Fletcher’s new position, on October 18, 2018, the compensation committee of the Company’s board of directors set his annual base salary at $700,000 and his target award under the company's short-term performance plan at 90% of base salary. Otherwise, Mr. Fletcher’s compensatory arrangement will remain substantially the same.

On October 8, 2018, Allen L. Leverett submitted notice of his resignation as President of WEC Energy Group, Inc. (the “Company” or “WEC Energy”) to the Company’s Board of Directors (the “Board”), effective at the close of business on October 10, 2018, and of his intention to remain as a member of the Company’s Board. Mr. Leverett has been on medical leave from the Company since suffering a stroke in October 2017. On October 9, 2018, the Board accepted Mr. Leverett’s resignation as President and confirmed his continuation of service as a member of the Board. Also, on October 9, 2018, the Board appointed J. Kevin Fletcher, age 60, as President of WEC Energy, with overall responsibility for the operational and financial performance of WEC Energy’s utility subsidiaries in Wisconsin, Illinois, Michigan and Minnesota. In his new position, Mr. Fletcher will report directly to Gale E.

On September 6, 2018, J. Patrick Keyes, Executive Vice President of WEC Energy Group, Inc. (the “Company”), submitted his resignation to the Company in order to pursue other opportunities. Mr. Keyes’ resignation is effective September 14, 2018. He will remain with the Company until January 4, 2019, in order to transition his responsibilities to other executives of the Company. 2

Susan H. Martin, Executive Vice President of WEC Energy Group Inc., (“WEC Energy”), retired effective April 2, 2018. We previously reported that Ms. Martin had decided to retire in early 2018. In light of Ms. Martin’s many contributions to the success of WEC Energy during her 18 years of service, on March 29, 2018, the Compensation Committee of WEC Energy’s Board of Directors accelerated the vesting of all unvested shares of restricted stock awarded to Ms. Martin, consisting of approximately 6,341 shares, effective April 2, 2018. 2

On January 10, 2018, the Board of Directors of WEC Energy Group, Inc. (“WEC Energy”) increased the number of directors constituting the Board from 13 to 14 and elected Danny L. Cunningham, retired partner and chief risk officer of Deloitte and Touche LLP, to fill the vacancy. Mr. Cunningham was also appointed to the Audit and Oversight Committee of the Board of Directors. The Board of Directors determined that Mr. Cunningham is independent pursuant to WEC Energy’s Corporate Governance Guidelines. Consistent with WEC Energy’s compensation policy for non-employee directors, Mr. Cunningham will receive an annual cash retainer fee of $100,000. Mr. Cunningham will also receive an annual restricted stock award equal to a value of $135,000, with all shares vesting one year from the date of grant. 2

(b) Director Retirement On December 7, 2017, Paul W. Jones notified WEC Energy Group, Inc. (“WEC Energy”) that he would be retiring from WEC Energy’s Board of Directors effective at the end of the day on December 31, 2017. In consideration of his exemplary service and contributions to helping WEC Energy exceed its goals for cost savings and integration post-acquisition of Integrys Energy Group, on December 7, 2017, the Compensation Committee of WEC Energy’s Board of Directors accelerated the vesting of all unvested shares of restricted stock awarded to Director Jones, consisting of approximately 4,838 shares, effective December 31, 2017. (d) Election of New Director On December 7, 2017, the Board of Directors of WEC Energy elected William M. Farrow III to the Board of Directors of WEC Energy effective January 1, 2018. Mr.

As first reported in the Original 8‑K filed on October 12, 2017, the Board of Directors of the Company appointed Mr. Klappa to act as Chief Executive Officer while Mr. Leverett recovers from the effects of the stroke he suffered and until such time as Mr. Leverett is able to reassume those responsibilities. As reported in the First Amendment filed on November 13, 2017, the Board of Directors reaffirmed that Mr. Klappa will serve on a full-time basis as Chairman of the Board of Directors and Chief Executive Officer of the Company while Mr. Leverett continues to recover. In recognition of Mr. Klappa’s service in these unusual circumstances, on December 7, 2017, the Compensation Committee of the Company’s Board of Directors approved, and the Company entered into, an employment agreement with Mr. Klappa. Pursuant to the agreement, Mr.

As reported in the Company’s most recent Quarterly Report on Form 10-Q, filed on November 3, 2017, and subsequent to the filing of the Original 8‑K, Mr. Leverett has been released from the hospital and continues to make progress in his recovery and rehabilitation work. Among other activities, Mr. Leverett is engaged in speech therapy at a leading stroke rehabilitation center. No specific timetable has been established for his return to his duties at the Company. As reported in the Original 8‑K, on October 12, 2017, the Board of Directors of the Company appointed Mr. Klappa to act as Chief Executive Officer until such time as Mr. Leverett is able to re-assume those responsibilities. On November 9, 2017, the Board of Directors re-affirmed that Mr. Klappa will serve on a full-time basis as Chairman of the Board of Directors and Chief Executive Officer of the Company while Mr.

Allen L. Leverett, Chief Executive Officer of WEC Energy Group, Inc. (the “Company”), has been hospitalized and is receiving medical treatment as he recovers from an apparent stroke. On October 12, 2017, the Board of Directors of the Company, acting pursuant to the Company’s Bylaws, appointed Gale E. Klappa, age 67, to act as Chief Executive Officer on an interim basis until such time as Mr. Leverett is able to re-assume those responsibilities. Mr. Klappa served as Chairman and Chief Executive Officer of the Company from May 2004, until his retirement on May 1, 2016. Since his retirement, Mr. Klappa has been serving as Chairman (a non-executive position) of the Company’s Board. Mr. Klappa will continue to serve as Chairman of the Board as well as interim Chief Executive Officer. Mr. KIappa’s compensation arrangement, if any, for his interim role has not yet been determined. 2

On July 24, 2017, Susan H. Martin, Executive Vice President, General Counsel and Corporate Secretary of WEC Energy Group, Inc., Wisconsin Electric Power Company and Wisconsin Public Service Corporation (collectively, the “companies”), notified the companies that she will be retiring in early 2018. Ms. Martin will be succeeded by Margaret C. Kelsey, currently Vice President, Legal and Corporate Communications, General Counsel and Secretary of Modine Manufacturing Company. Ms. Kelsey will join WEC Energy Group September 18, 2017, as Executive Vice President. Ms. Martin will remain in her positions with the companies through December 31, 2017, and will then stay on as Executive Vice President until her retirement in early 2018. Effective January 1, 2018, Ms. Kelsey will assume the roles of General Counsel and Corporate Secretary of all three companies. 2

Performance Measures for Annual Incentive Compensation On December 1, 2016, pursuant to the terms of the WEC Energy Group Short-Term Performance Plan, as amended and restated effective as of January 1, 2016 (the “STPP”), the Compensation Committee of WEC Energy Group, Inc.’s Board of Directors (the “Compensation Committee”) established the overall performance measures and their respective weighting for the upcoming 2017 plan year. For WEC Energy officers, the 2017 annual incentive under the STPP will be primarily dependent upon financial achievement determined by WEC Energy’s performance against targets for earnings from continuing operations (75% weight) and cash flow (25% weight).

As reported in the Original 8-K, effective May 1, 2016, Mr. Leverett is succeeding Mr. Klappa as WEC Energy’s CEO. Mr. Klappa, who is retiring as CEO, will become WEC Energy’s non-executive Chairman of the Board. In recognition of Mr. Leverett’s new position, on April 21, 2016, the compensation committee of WEC Energy’s board of directors increased his annual base salary to $1,000,000 and his target award under the company's short-term performance plan to 110% of base salary. At the same time, effective May 2, 2016, the compensation committee awarded Mr. Leverett additional long-term incentive awards consisting of performance units, stock options and restricted stock equal to a value of $1,238,333 in order to better align his total 2016 long-term incentive award with that of a CEO at a company similar in size to WEC Energy. Otherwise, Mr.

As reported in the Original 8-K, effective April 1, 2016, Scott J. Lauber has been named Executive Vice President and Chief Financial Officer of WEC Energy and Wisconsin Electric; and effective May 1, 2016, J. Kevin Fletcher has been named President of WEC Energy’s Wisconsin segment. In recognition of Mr. Lauber’s new position, the compensation committee of WEC Energy’s board of directors set his annual base salary at $376,165 and his target award under the company's short-term performance plan at 75% of base salary. At the same time, the compensation committee set Mr. Fletcher’s annual base salary at $420,000 and his target award under the company's short-term performance plan at 70% of base salary. Otherwise, Messrs. Lauber’s and Fletcher’s compensatory arrangements will remain substantially the same.

On February 25, 2016, the Boards of Directors of WEC Energy Group, Inc. (“WEC Energy”) and Wisconsin Electric Power Company (“Wisconsin Electric”) approved several actions with respect to each company’s executive leadership team, including those detailed below. Effective April 1, 2016, J. Patrick Keyes, age 50, currently Executive Vice President and Chief Financial Officer of WEC Energy and Wisconsin Electric, has been named President of Michigan Gas Utilities and Minnesota Energy Resources Corporation, as well as President of WEC Energy’s service company, WEC Business Services LLC. Mr. Keyes will also remain an Executive Vice President of WEC Energy. Mr. Keyes has served as Executive Vice President and Chief Financial Officer of WEC Energy and Wisconsin Electric since 2012, and served as Treasurer from April 2011 until January 2013. Effective April 1, 2016, Scott J.

On January 27, 2016, Gale E. Klappa, who has been WEC Energy Group’s (“WEC Energy” or the “Company”) Chairman and Chief Executive Officer (“CEO”) since May 2004, notified WEC Energy’s Board of Directors (the “Board”) that he will retire as CEO of the Company, effective May 1, 2016. After his retirement as CEO, Mr. Klappa will continue to serve as Chairman of the Board, which will be a non-executive position. On January 27, 2016, the Board appointed Allen L. Leverett, who has been President of WEC Energy since August 2013, as CEO effective upon Mr. Klappa’s retirement and elected him to the Board effective January 27, 2016. In addition to serving as President of WEC Energy, Mr. Leverett, age 49, has been serving as the principal executive officer of the Company’s electric utility generation operations since March 2011. Mr.