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XCEL ENERGY INC·4

May 22, 4:05 PM ET

Casey Lynn 4

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.