Long Ryan J. 4

What Happened

• Ryan J. Long, EVP and Chief Legal Officer at Xcel Energy (XEL), received equity awards that settled into common stock on Feb 24, 2026. He was credited with 4,322 restricted stock units (RSUs) and 1,127.357 performance-share-unit (PSU) shares (total 5,449.357 shares).
• To satisfy tax withholding on the award settlement, 1,725.357 shares were withheld/disposed at $83.35 per share for a withholding value of $143,809. Fractional share interests were settled in cash. The PSU award had vested on Dec 31, 2025 but was settled in shares on Feb 24, 2026.

Key Details

• Transaction date: Feb 24, 2026; Form filed Feb 26, 2026 (timely filing).
• Transactions reported: A (award/grant) — 4,322 RSUs acquired; M (conversion/exercise of derivative) — 1,127.357 PSUs converted to shares; F (tax withholding) — 1,725.357 shares withheld/treated as disposed at $83.35 ($143,809).
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes:
  • F1: Settlement of 2023–2025 performance share unit awards.
  • F2: RSUs settle one-for-one in common stock.
  • F3: Withholding of shares to satisfy tax obligations; fractional shares paid in cash.
  • F5/F6: PSU units include dividend-equivalent reinvestment and were vested 12/31/2025 but settled 2/24/2026.
  • F4 references shares held in the company 401(k) plan (plan statement dated Feb 20, 2026).
• Filing status: No late filing indicated.

Context

• This was not an open-market buy or sale for investment purposes but the settlement of compensation awards. The conversion/settlement of PSUs and RSUs and the withholding of shares for taxes are routine executive compensation events and do not necessarily reflect a change in the insider’s view of the company’s stock.