Welsh Timothy A 4

What Happened

• Timothy A. Welsh, a director of Xcel Energy Inc. (XEL), was granted 2,253.944 stock equivalent units on 2026-05-21. The Form 4 reports an acquisition at $0.00 (award), so no cash was paid by the insider.
• The grant includes 104.31 stock equivalent units acquired via reinvested dividend equivalents. Whole units are payable in shares of common stock following termination of the reporting person's service as a director; fractional units will be paid in cash.

Key Details

• Transaction date: 2026-05-21; transaction type: Award/Grant (code A); reported acquisition price: $0.00.
• Shares reported acquired: 2,253.944 stock equivalent units (includes 104.31 from dividend reinvestment).
• Shares owned after transaction: not specified in the provided filing.
• Filing/timeliness: Report filed 2026-05-22 for a 2026-05-21 transaction (filed the next day as reported).
• Footnotes: F1 explains these are stock equivalent units (deferred director compensation); F2 notes 104.31 units came from reinvested dividend equivalents.

Context

• Stock equivalent units are a form of deferred compensation common for directors — they represent the economic equivalent of shares but are often paid out later (here, whole units upon termination of service).
• This was an award/grant, not an open-market purchase or sale, so it should not be read as an immediate bullish or bearish trading signal.