Ostrom Melissa 4

4 · XCEL ENERGY INC · Filed Feb 26, 2026

AI-generated summary of this filing

Updated Feb 26, 2026

Xcel Energy SVP Melissa Ostrom Receives Award, Withholds Shares

What Happened

Melissa Ostrom, SVP and Controller of Xcel Energy (XEL), received awards and settled derivative awards on Feb 24, 2026. She was granted 3,775 shares (award/grant, reported at $0.00), and 1,104.14 shares were recorded as acquired via exercise/conversion of derivative awards. To cover tax obligations, 1,546.14 shares were withheld/disposed at $83.35 per share, generating $128,871 in proceeds (tax withholding rather than an open-market sale).

Key Details

Transaction date: February 24, 2026; Form filed February 26, 2026 (appears timely).
Award/grant: 3,775 shares acquired at $0.00 (F1, F7).
Derivative conversion/exercise: 1,104.14 shares acquired (code M; some entries show $0.00 acquisition price).
Tax withholding/disposition: 1,546.14 shares disposed at $83.35, totaling $128,871 (code F) to satisfy tax liabilities on the awards (F4).
Reinvestment/adjustments: filing notes 101.334 shares and 105.14 additional units from dividend reinvestment/dividend equivalents included in amounts (F2, F6); fractional shares settled in cash (F4).
RSUs and performance shares: RSUs settle one-for-one in common stock (F3); the performance award covered the 2023–2025 period and vested Dec 31, 2025 but was settled Feb 24, 2026 (F1, F7).
Shares held in the Xcel Energy 401(k) Stock Fund are noted per plan statement dated Feb 20, 2026 (F5).
Shares owned after the transactions were not specified in the filing.

Context

This filing reflects award settlement and routine tax-withholding, not an open-market sale of additional shares. The withholding was used to satisfy tax obligations on vested performance shares and RSUs (common practice). The transaction codes: A = award/grant, M = exercise/conversion of derivative, F = withholding/tax payment.

Form 4

Period: 2026-02-24

SVP, Controller

Transactions

Award
Common Stock
[F1][F2]
2026-02-24+3,775→ 11,322.138 total
Exercise/Conversion
Common Stock
[F3]
2026-02-24+1,104.14→ 12,426.278 total
Tax Payment
Common Stock
[F4]
2026-02-24$83.35/sh−1,546.14$128,871→ 10,880.138 total
Exercise/Conversion
Restricted Stock Units
[F3][F6][F7]
2026-02-24−1,104.14→ 0 total
→ Common Stock (1,104.14 underlying)

Holdings

Footnotes (7)

[F1]Represents the settlement of performance share unit awards for the 2023-2025 performance period.
[F2]The amount includes 101.334 shares of stock acquired pursuant to the reinvestment of dividends since the reporting person's last report.
[F3]Restricted stock units are settled in common stock on a one-for-one basis.
[F4]Represents the withholding of shares to satisfy tax obligations upon the settlement of the 2023-2025 performance share unit awards and restricted stock unit awards. Fractional share interests were settled in cash.
[F5]Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated February 20, 2026.
[F6]Number of units shown reflects 105.14 additional units as a result of the reinvestment of dividend equivalents since the original grant.
[F7]Award vested on December 31, 2025 but was settled in shares of common stock on February 24, 2026.

Signature

Kristin L. Westlund, Attorney in Fact for Melissa Ostrom|2026-02-26

1 file