KAMPLING PATRICIA L 4

What Happened
Patricia L. Kampling, a director of Xcel Energy Inc. (XEL), received an award of 607.783 stock-equivalent units on 2026-06-28 (Form 4 filed 2026-06-30). The units were reported as acquired at $0.00 on the Form 4; using the reported per-unit reference price of $82.23 for most units, the grant’s approximate market value is about $50,000. This was an award/retainer grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-28; Form 4 filed 2026-06-30 (timely filing).
• Reported acquisition: 607.783 stock-equivalent units at $0.00 (award).
• Valuation detail: 506.486 units were granted in lieu of the quarterly cash retainer and referenced at $82.23 per unit; 101.297 units were granted at no cost as a 20% premium on the retainer (footnotes F1–F2).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding sale, or late-filing flag noted in the provided details.

Context
This is a routine director compensation award converting a cash retainer into stock-equivalent units payable in whole shares after the director’s service ends (fractional units paid in cash). Such grants are common for non-employee directors and represent compensation rather than a discretionary market purchase or sale.