Kehl George J 4

What Happened
George J. Kehl, a director of Xcel Energy, was granted/acquired 2,253.944 stock-equivalent units on 2026-05-21 (transaction type: A). The units were reported at $0.00 per unit (no cash exchanged at grant). The filing shows these are stock equivalent units rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-22 (filed timely).
• Transaction type/code: Award/Acquisition (A). Price: $0.00; Quantity: 2,253.944 stock-equivalent units.
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: These are stock equivalent units; each unit equals the economic value of one share. Whole units payable in shares after termination of service; fractional units payable in cash.
  • F2: 18.045 of the units include reinvested dividend equivalents.
  • F3: Filing also notes 486.952 shares acquired via dividend reinvestment (as reported in the filing’s footnotes).
• No indication this was a sale or option exercise; it is an equity award typically part of director compensation.

Context
Stock-equivalent unit awards are common compensation for non-employee directors and are not an immediate cash or open-market purchase signal. They generally vest or convert to actual shares (or cash for fractions) later, often upon leaving service. This filing is informational and does not by itself indicate a buy or sell sentiment.