Xcel Energy (XEL) Director Casey Lynn Receives 580 Stock-Equivalent Units

What Happened Casey Lynn, a director of Xcel Energy (XEL), was granted 580.229 stock-equivalent units on 2026-09-28. The units were reported as acquired at $0.00 (award/grant). Of the total, 483.524 units were issued in lieu of the quarterly cash retainer (valued at $69.80 per unit, ≈ $33,750) and 96.705 units were granted at no cost as a 20% premium on that retainer (implied additional ≈ $6,750). Together the units have an implied market value of roughly $40,500 at $69.80 per unit.

Key Details

• Transaction date: 2026-09-28; Form 4 filed 2026-09-30 (timely).
• Transaction type/code: Award/Grant (A); acquisition price reported $0.00.
• Units granted: 580.229 stock-equivalent units (483.524 in-lieu + 96.705 premium).
• Shares owned after transaction: total beneficial ownership not specified in the provided filing.
• Notable footnotes:
  • F1: Retainer granted as stock-equivalent units payable in whole shares following termination; fractional units paid in cash.
  • F2: Breakout of 483.524 units in lieu of cash retainer @ $69.80 and 96.705 units as 20% premium.
  • F3/F4: Filing notes reinvestment of dividend equivalents (1.073 shares and 323.377 stock-equivalent units) are included in reported amounts.
• Filing timeliness: No late filing indicated.

Context This is a routine director compensation grant (units in lieu of cash retainer plus a premium) and not an open-market purchase or sale. Stock-equivalent units are typically converted to whole shares (with fractional amounts settled in cash) following termination of board service, so these are long-term/compensation-related awards rather than an immediate change in trading exposure.