Pardee Charles G 4

What Happened
Charles G. Pardee, a director of Xcel Energy Inc. (XEL), was granted 541.031 stock-equivalent units on 2026-06-28. The filing reports an acquisition at $0.00 (these are deferred stock-equivalent units rather than open-market shares). Of the total, 450.859 units were issued in lieu of the director’s quarterly cash retainer valued at $82.23 per unit (≈ $37,074), and 90.172 units were issued at no cost as a 20% premium on that retainer (≈ $7,415). The combined economic value at $82.23 per unit is approximately $44,489.

Key Details

• Transaction date: 2026-06-28; Form 4 filed: 2026-06-30 (filed within the standard 2-business-day window).
• Reported acquisition price: $0.00 (stock-equivalent units). Unit valuation used in footnote: $82.23.
• Units granted: 541.031 total (450.859 in lieu of cash retainer; 90.172 as 20% premium).
• Shares owned after transaction: not specified in the information provided.
• Footnotes: F1 — retainer granted as stock-equivalent units payable in whole shares following termination of director service; fractional units payable in cash. F2 — breakdown of 450.859 units (in lieu of cash) and 90.172 premium units.
• No indication of a 10b5-1 plan, sale, tax-withholding event, or late filing in the provided filing.

Context
These are director compensation units (deferred stock-equivalent units), not an open-market purchase or sale. They are typically part of routine board retainer arrangements and will convert to whole shares (with fractional amounts paid in cash) after the director’s service ends — so they do not reflect an immediate change in publicly tradable share ownership.