Pardee Charles G 4

What Happened

• Charles G. Pardee, a director of Xcel Energy Inc. (XEL), was granted 580.527 stock-equivalent units on 2026-03-28 (transaction code A — award/grant). The Form 4 reports an acquisition price of $0.00 (these are compensation units, not an open-market purchase). Of the total, 483.772 units were granted in lieu of the quarterly cash retainer and are reported at $78.09 per unit (≈ $37,778); 96.775 units were granted at no cost as a 20% premium. The grant includes 118.552 units resulting from reinvested dividend equivalents.

Key Details

• Transaction date: 2026-03-28; Form 4 filed 2026-03-30 (timely filing).
• Reported acquisition price: $0.00 (award/stock-equivalent units).
• Valuation note: 483.772 units are shown at $78.09/unit (≈ $37,778); total implied value for all units would be higher if the same per-unit valuation is applied.
• Shares/units owned after transaction: not stated in the provided filing excerpt.
• Footnotes: (F1) units are stock-equivalent units payable in whole shares upon termination of director service (fractions paid in cash); (F2) breakdown between retainer-equivalent and 20% premium units; (F3) includes units from reinvested dividend equivalents.

Context

• These are compensation awards (stock-equivalent units) rather than open-market purchases or sales, so they represent routine director compensation rather than a direct bullish or bearish trade signal.
• Stock-equivalent units typically convert to actual shares (or cash for fractions) upon termination as described, and dividend equivalents were reinvested to increase the unit count.