Xcel Energy (XEL) Director Patricia Kampling Receives Stock Award

What Happened Patricia L. Kampling, a director of Xcel Energy (XEL), was granted 773.639 stock-equivalent units on September 28, 2026. The units were reported as acquired at $0.00 (no cash paid). Of those units, 644.699 were granted in lieu of her quarterly cash retainer at a unit price of $69.80 (implied value ≈ $45,000), 128.94 were granted at no cost as a 20% premium on the retainer (implied value ≈ $9,000 if valued at $69.80), and the total grant includes 78.684 units received via reinvested dividend equivalents. The filing was submitted on September 30, 2026.

Key Details

• Transaction date: 2026-09-28; Filing date: 2026-09-30 (filed within the typical 2-business-day window).
• Reported acquisition: 773.639 stock-equivalent units at $0.00.
• Breakdown per footnotes: 644.699 units in lieu of cash retainer (@ $69.80/unit), 128.94 units as a 20% premium, 78.684 units from dividend reinvestment.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Grant mechanics: These are stock-equivalent units payable in whole shares of common stock following termination of director service; fractional units are payable in cash.

Context This was an award/retainer grant (not an open-market purchase or sale) and increases Kampling’s future entitlement to XEL shares rather than representing an immediate stock purchase. Such director retainer grants are routine compensation and do not by themselves indicate the director’s view of the company’s near-term prospects.