Burkhart Megan D 4

What Happened
Megan D. Burkhart, a director of Xcel Energy Inc. (XEL), was granted 2,253.944 stock-equivalent units on May 21, 2026. The units were reported at $0.00 per unit (no cash paid); total reported value at grant is $0. This filing reflects an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-22 (timely filing).
• Units granted: 2,253.944 stock-equivalent units; reported price: $0.00.
• Shares owned after transaction: Not reported in the provided filing.
• Footnotes:
  • F1: These are "stock equivalent units" — each unit equals the economic equivalent of one share. Whole units are payable in shares upon termination of director service; fractional units are payable in cash.
  • F2: The total includes 148.616 units acquired via reinvestment of dividend equivalents.
• Transaction type: Award/grant to a director (routine director compensation), not a sale or market purchase.

Context
Stock-equivalent unit grants are a common form of director compensation and represent future economic exposure to company stock rather than an immediate cash investment. Because whole units convert to shares upon a director’s termination (and fractions are cashed out), this award does not necessarily reflect an active market purchase or sale decision by the insider.