Casey Lynn 4

What Happened

• Casey Lynn, a director of Xcel Energy (XEL), was granted 492.521 stock-equivalent units (transaction code A) on 2026-06-28. The Form 4 reports the units as acquired at $0.00 to the reporting person, but footnotes value 410.434 units at $83.23 each (in lieu of a quarterly cash retainer) plus 82.087 additional units granted at no cost as a 20% premium — together roughly ~$41,000 of economic value based on $83.23/unit. This is a routine director compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-28; filing date: 2026-06-30 (timely)
• Reported acquisition price to insider: $0.00; implied valuation per footnote: $83.23/unit for 410.434 units
• Units granted: 492.521 total (410.434 in lieu of cash retainer; 82.087 as 20% premium)
• Estimated combined value: ≈ $41,000 (410.434×$83.23 ≈ $34,160.42; 82.087×$83.23 ≈ $6,832.10)
• Shares/units owned after transaction: not disclosed in the filing
• Footnotes: F1—units are stock-equivalent units payable in whole shares upon termination of service (fractional units paid in cash). F2—breakdown of the grant (retainer conversion + 20% premium).

Context

• These are deferred/stock-equivalent retainer units for director compensation and do not represent a market purchase or sale; such awards are routine and do not, by themselves, indicate insider sentiment about the stock.
• Units are not options or exercised shares; they convert to common stock after the director’s service ends (with fractional amounts settled in cash).