WEC ENERGY GROUP, INC.

We also maintain retirement plans in which our NEOs participate: a defined benefit pension plan of the cash balance type, a supplemental pension plan, individual letter agreements with some of the NEOs, a 401(k) plan, and a non-qualified retirement savings plan. We believe our retirement plans are a valuable benefit in the attraction and retention of our employees, including the NEOs. We believe that providing a foundation for long-term financial security for our employees, beyond their employment with the Company, is a valuable component of our overall compensation program which will inspire increased loyalty and improved performance. For more information about our retirement plans, see "Pension Benefits at Fiscal Year-End 2024" and "Retirement Plans" beginning on page P-65.

For more information on an annual credit to the Company's Executive Deferred Compensation Plan we provide to Mr. Hooper, see "Mr. Hooper's Executive Deferred Compensation Plan Agreement" under "Retirement Plans" on P-67 of this proxy statement.