Form 8-K · Current report
WEC Energy Group 8-K, filed Nov 4, 2026
- Filed
- CIK
- 0000783325
- Accession no.
- 0001104659-26-122773
Summary
WEC Energy Group entered into an equity distribution agreement on November 4, 2026 with a syndicate of banks that allows it to offer and sell up to $4 billion in aggregate sales price of its common stock from time to time, including through forward sale agreements with forward purchasers. The company said it would not initially receive proceeds from borrowed shares sold by forward sellers, expecting proceeds instead upon future physical settlement of the forward transactions.
Key points
- The agreement permits sales of common stock through sales agents acting as agents or as principals, and through forward sale agreements.
- Forward sale agreements include initially priced transactions and collared forward transactions with floor and cap prices set after an initial hedging period.
- The initial forward sale price is subject to adjustment based on an overnight bank funding rate less a spread, and reduced by expected quarterly dividends.
- WEC Energy Group stated it expects to receive aggregate cash proceeds equal to the initial forward sale price times the number of underlying shares upon physical settlement.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
ITEM 8.01 OTHER EVENTS On November 4, 2026, WEC Energy Group, Inc. (the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., BTIG, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as sales agents (each, a “Sales Agent” and, collectively, the “Sales Agents”), BNY Mellon Capital Markets, LLC (acting through BTIG…
An excerpt of the text as filed with the SEC, cut for length.
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