KAMPLING PATRICIA L 4

What Happened
Patricia L. Kampling, a director of Xcel Energy (XEL), was granted 614.675 stock-equivalent units on 2026-03-28 (reported on Form 4 filed 2026-03-30). The filing shows an acquisition at $0.00 (award/grant). At a reference unit price of $78.09, the total market value of the units is roughly $48,000. This was an award of units as compensation (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-28; Form 4 filed: 2026-03-30 (timely filing).
• Reported transaction type/code: A (award/grant); reported price per unit: $0.00 (award).
• Units granted: 614.675 stock-equivalent units; implied market value ≈ 614.675 × $78.09 ≈ $48,000.
• Footnotes:
  • Grant is a director retainer paid as stock-equivalent units payable in whole shares at termination; fractions payable in cash. (F1)
  • Of the 614.675 units, 512.229 were granted in lieu of the quarterly cash retainer at $78.09/unit; 102.446 units were granted at no cost as a 20% premium on that retainer. (F2)
  • The total includes 72.949 units acquired via reinvestment of dividend equivalents. (F3)
• Shares owned after the transaction are not specified in the summary data provided.

Context
This was a compensation grant (director retainer) in the form of stock-equivalent units rather than a market purchase or sale. Such awards are routine director compensation and do not by themselves indicate the insider is buying or selling shares in the open market. The filing was timely (filed two days after the transaction).