XCEL ENERGY INC·4

May 22, 4:05 PM ET

Casey Lynn 4

4 · XCEL ENERGY INC · Filed May 22, 2026

Research Summary

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Xcel Energy (XEL) Director Casey Lynn Receives 2,253.944-Share Award

What Happened
Casey Lynn, a director of Xcel Energy (XEL), was granted 2,253.944 stock-equivalent units on May 21, 2026. The units were recorded at $0.00 per share (aggregate $0). This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-05-21 (Form 4 filed 2026-05-22). No late filing indicated.
  • Transaction: 2,253.944 stock-equivalent units @ $0.00 (aggregate $0) — reported as an award (A).
  • Shares owned after transaction: Not disclosed in the filing.
  • Footnotes:
    • F1: These are "stock equivalent units" — each equals the economic value of one share; whole units payable in shares after termination of director service, fractional units payable in cash.
    • F2: 1.06 of the stock-equivalent units were from reinvestment of dividend equivalents.
    • F3: The filing also notes 292.329 shares were acquired via reinvestment of dividend equivalents.

Context
Stock-equivalent unit grants are routine director compensation and are paid out in shares (or cash for fractions) upon the end of service, so they do not represent an open-market bet by the insider. Such awards are informational about compensation but, unlike purchases, are not typically interpreted as a direct bullish signal.

Insider Transaction Report

Form 4
Period: 2026-05-21
Casey Lynn
Director
Transactions
  • Award

    Common Stock

    [F1][F2][F3]
    2026-05-21+2,253.94443,123.29 total
Footnotes (3)
  • [F1]Represents stock equivalent units. Each stock equivalent unit is the economic equivalent of one share of common stock. Whole stock equivalent units are payable in shares of common stock following termination of the reporting person's service as a director, and fractional units are payable at such time in cash.
  • [F2]Includes 1.06 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
  • [F3]Includes 292.329 shares of stock acquired pursuant to the reinvestment of dividend equivalents.
Signature
Kristin L. Westlund, Attorney in Fact for Lynn Casey|2026-05-22

Documents

1 file
  • 4
    wk-form4_1779480304.xmlPrimary

    FORM 4