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Utilities

WEC Energy Group Executive Compensation (FY25)

WEC · Milwaukee, WI · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Scott Lauber
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 3, 2026Latest filing (8-K): May 12, 2026
13 filings cited on this page
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360 figures on this page: 351 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

More on WEC Energy Group

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Lauber: $10,948,091 → $12,188,492 (11.3% higher)
Say-on-pay support: 93.2% → 94.3% (1.1 points higher)
CEO pay ratio: 81:1 → 92:1 (13.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is WEC Energy Group's chief executive and what were they paid?
Total compensation for Scott Lauber, President and CEO, came to $12,188,492 in fiscal 2025. Compared with the $10,948,091 reported for fiscal 2024, Lauber's total was 11.3% higher.
What was WEC Energy Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 94.3% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in WEC Energy Group's peer group?
Companies named in the disclosed peer group include Alliant Energy Corporation, Ameren Corporation, American Electric Power Company, Inc., CenterPoint Energy, Inc. and CMS Energy Corporation, among others.
What is WEC Energy Group's chief executive pay ratio?
The company reported a chief executive pay ratio of 92:1 for fiscal 2025, against median employee compensation of $133,113.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Kevin Fletcher
Retired President and CEO
Departed during or after this year
◇—◇◇◇◇◇◇
Scott Lauber
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Gale Klappa
Executive Chairman
◇—◇◇◇◇◇◇
Xia Liu
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Margaret Kelsey
Executive Vice President, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Robert Garvin
Executive Vice President - External Affairs
◇—◇◇◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gale Klappa
Executive Chairman
◇—◇◇◇◇◇◇
Scott Lauber
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Xia Liu
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Margaret Kelsey
Executive Vice President, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Robert Garvin
Senior Vice President, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Lauber
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Xia Liu
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Gale Klappa
Executive Chairman
◇—◇—◇—◇◇
Margaret Kelsey
Executive Vice President, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Michael Hooper
President, Wisconsin Utilities
◇◇◇◇◇—◇◇
Robert Garvin
Senior Vice President, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Lauber
President and CEO
◇—◇◇◇◇◇◇
Xia Liu
Executive Vice President and CFO
◇—◇◇◇◇◇◇
Michael Hooper
Executive Vice President and COO
◇—◇◇◇◇◇◇
Margaret Kelsey
Executive Vice President, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Robert Garvin
Executive Vice President - External Affairs
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Margaret C. KelseyPSU◇◇◇—◇—◇
Margaret C. Kelsey—◇——◇——◇
Margaret C. Kelsey—◇——◇——◇
Michael W. Hooper—◇——◇——◇
Michael W. HooperPSU◇◇◇—◇—◇
Michael W. Hooper—◇——◇——◇
Robert M. Garvin—◇——◇——◇
Robert M. Garvin—◇——◇——◇
Robert M. GarvinPSU◇◇◇—◇—◇
Scott J. Lauber—◇——◇——◇
Scott J. Lauber—◇——◇——◇
Scott J. LauberPSU◇◇◇—◇—◇
Xia Liu—◇——◇——◇
Xia LiuPSU◇◇◇—◇—◇
Xia Liu—◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert GarvinRSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
Scott LauberOption◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
PSU◇◇——
PSU◇◇——
Margaret KelseyRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
Michael HooperRSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
Xia LiuOption◇—◇—
Option◇—◇—
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Margaret Kelsey
Executive Vice President, General Counsel and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Robert Garvin
Executive Vice President - External Affairs · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Xia Liu
Executive Vice President and CFO · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gale E. Klappa
Board chair
◇◇——◇◇◇
Ulice Payne, Jr
◇◇———◇◇
Thomas K. Lane
Lead independent director
◇◇————◇
Danny L. Cunningham
◇◇————◇
William M. Farrow III
◇◇————◇
Mary Ellen Stanek
◇◇————◇
Cristina A. Garcia-Thomas
◇◇—◇——◇
Warner L. Baxter
◇◇————◇
Maria C. Green
◇◇————◇
John D. Lange
◇◇————◇
Glen E. Tellock
◇◇————◇
Ave M. Bie
◇◇————◇
Curt S. Culver
◇◇———◇◇
Scott J. Lauber served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: Five times the annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy Corporation LNT
  • Ameren Corporation AEE
  • American Electric Power Company, Inc. AEP
  • CenterPoint Energy, Inc. CNP
  • CMS Energy Corporation CMS
  • Consolidated Edison, Inc. ED
  • Dominion Energy, Inc. D
  • DTE Energy Company DTE
  • Edison International EIX
  • Entergy Corporation ETR
  • Evergy, Inc. EVRG
  • Eversource Energy ES
  • Exelon Corporation EXC
  • FirstEnergy Corp. FE
  • NiSource Inc. NI
  • PG&E Corporation PCG
  • Pinnacle West Capital Corporation PNW
  • PPL Corporation PPL
  • The Southern Company SO
  • Xcel Energy Inc. XEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2017May 3, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Scott Lauber (President and CEO), FY2025 total compensation $12,188,492 (base salary $1,205,700) [exec_comp, SEC accession 0000783325-26-000035, filed 2026-03-26]

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What this page does not include

Everything above is a fact WEC Energy Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where WEC Energy Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
360 figures on this page: 351 cited to the filing that reported them, 9 calculated from figures it prints.
351 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000783325-26-000062
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000783325-26-000035
    2025 Non-Management Director Compensation Program · Compensation Discussion and Analysis · Director Compensation Table · Grants of Plan-Based Awards · and 3 more sections
  3. 0000783325-25-000004
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000107815-25-000149
    SUMMARY COMPENSATION TABLE
  5. 0000107815-24-000167
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000930413-24-001170
    SUMMARY COMPENSATION TABLE
  7. 0000107815-23-000156
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000930413-23-001083
    SUMMARY COMPENSATION TABLE
  9. 0000107815-22-000193
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000107815-21-000153
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000107815-20-000187
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000107815-19-000188
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000107815-18-000196
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “WEC Energy Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WEC (accessed 2026).
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The paid brief for WEC Energy Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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13 filings cited on this page
Method: intel.velarion.ai/methodology
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers WEC Energy Group discloses

The companies named in WEC's own disclosed peer group.

Alliant Energy CorporationAmeren CorporationAmerican Electric Power Company, Inc.CenterPoint Energy, Inc.CMS Energy CorporationConsolidated Edison, Inc.Dominion Energy, Inc.DTE Energy CompanyEdison InternationalEntergy CorporationEvergy, Inc.Eversource EnergyExelon CorporationFirstEnergy Corp.NiSource Inc.PG&E CorporationPinnacle West Capital CorporationPPL CorporationThe Southern CompanyXcel Energy Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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