Xcel Energy Director Charles Pardee Receives 666 Stock Units

What Happened

• Charles G. Pardee, a director of Xcel Energy (XEL), was granted 666.189 stock-equivalent units on 2026-09-28. The Form 4 reports an acquisition price of $0.00 because this was an award/grant (transaction code A).
• Footnotes indicate 555.157 of the units were issued in lieu of Pardee's quarterly cash retainer at an implied price of $69.80 per unit (≈ $38,750), and 111.032 units were granted as a 20% premium (implied additional ≈ $7,750). Combined implied value of those components is roughly $46.5k, though the Form 4 shows the award as $0.00. The filing also notes 124.745 of the units were acquired via reinvestment of dividend equivalents.
• These are stock-equivalent (deferred) units payable in whole shares following termination of director service (fractional units paid in cash), so they are not immediately tradable shares.

Key Details

• Transaction date: 2026-09-28; Form 4 filed: 2026-09-30 (appears timely).
• Amount: 666.189 stock-equivalent units; Form 4 price: $0.00 (award).
• Implied value (per footnote): 555.157 units at $69.80 ≈ $38,750; 111.032 premium units ≈ $7,750; total ≈ $46,500 (informational only).
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes:
  • F1: Retainer granted as stock-equivalent units payable in shares following termination (fractional units in cash).
  • F2: 555.157 units in lieu of cash retainer at $69.80/unit; 111.032 units as 20% premium.
  • F3: Includes 124.745 units from reinvested dividend equivalents.

Context

• Director RSUs/stock-equivalent units are routine compensation and are typically deferred, so they do not indicate an immediate buy or sell signal by the insider.
• The award was reported as $0 on the Form 4 (standard for grants); footnotes provide the economic context for valuation.