Ostrom Melissa 4

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.