Van Abel Brian J 4

What Happened Brian J. Van Abel, Chief Financial Officer of Xcel Energy (XEL), received equity from compensation-related awards that settled on February 24, 2026. The filing shows a 28,041-share award (performance/RSU settlement) and conversion/exercise of 8,202.026 derivative units into shares (both recorded as acquisitions). To satisfy tax withholding obligations, 15,245.026 shares were withheld/disposed at $83.35 per share, totaling $1,270,673. Fractional share interests were settled in cash.

Key Details

• Transaction date: February 24, 2026 (primary activity). There is also a prior 2025-02-25 entry showing a conversion/exercise of 8,202.026 derivative units (reported with $0 proceeds).
• Award type: Settlement of 2023–2025 performance share units (PSUs) and restricted stock units (RSUs); award vested Dec 31, 2025 but settled Feb 24, 2026 (footnote).
• Shares received: 28,041 (award) + 8,202.026 (conversion/exercise) reported as acquired; 15,245.026 shares were withheld to cover taxes (disposed) for $1,270,673.
• Notable footnotes: includes dividend reinvestments (2,116.585 shares and 781.026 dividend equivalents); RSUs settle one-for-one; fractional shares paid in cash; some shares held in Xcel’s 401(k) per Feb 20, 2026 statement.
• Filing timeliness: filing does not indicate a late report.

Context This was a routine equity award settlement (PSUs/RSUs) and conversion of derivative units, not an open-market purchase or an intentional sell signal. The withholding of 15,245.026 shares to satisfy tax obligations is a common net settlement practice (shares retained rather than a separate cash payment). The $1.27M figure reflects the value of the shares withheld at $83.35 per share.