Welsh Timothy A 4

What Happened

• Timothy A. Welsh, a director of Xcel Energy (XEL), was granted 468.065 stock equivalent units on 2026-06-28 (reported in a Form 4 filed 2026-06-30). The Form 4 lists an acquisition price of $0.00 for the award (transaction code A).
• Of the 468.065 units, 390.054 units were granted in lieu of his quarterly cash retainer and are valued at $82.23 per unit (≈ $32,074). An additional 78.011 units (a 20% premium) were granted at no cost, bringing the total implied market value to roughly $38,489 based on the $82.23 price.

Key Details

• Transaction date: 2026-06-28; Form 4 filed: 2026-06-30 (Accession: 0000072903-26-000138).
• Reported consideration: $0.00 per unit (award/grant, code A).
• Units granted: 468.065 total — 390.054 in lieu of cash retainer; 78.011 as a 20% premium (per footnotes F1 and F2).
• Valuation reference: $82.23 per unit used to value the 390.054 portion; total implied value ≈ $38.5K.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Notable footnotes: F1 — retainer granted as stock equivalent units payable in whole shares following termination (fractional units payable in cash). F2 — breakdown of units: 390.054 in lieu of cash retainer and 78.011 granted as a 20% premium.
• Filing timeliness: No late filing indicated in the provided data.

Context

• This was a routine director compensation award (deferred stock units), not an open-market buy or sale; units are stock equivalents payable as whole shares after the director’s service ends. Such grants are common for director retainer compensation and do not by themselves indicate a buy/sell signal.