Xcel Energy Director Peter W. Carter Receives 404 Stock Units

What Happened

• Peter W. Carter, a director of Xcel Energy Inc. (XEL), was granted 403.638 stock-equivalent units on 2026-09-28 (transaction code A — award/grant). The Form 4 reports an acquisition price of $0.00 (compensation award), though part of the grant is valued for reporting purposes.
• Footnotes explain 336.365 of the units were granted in lieu of Carter's quarterly cash retainer and were priced at $69.80 per unit, and an additional 67.273 units were granted at no cost as a 20% premium. Using $69.80 as the reference price, the implied total value of the award is about $28,174 (≈ $23,478 + $4,696).

Key Details

• Transaction date: 2026-09-28; Filing date (Accession): 2026-09-30 — filing appears timely.
• Reported transaction type/code: A (Grant, award or other acquisition); reported acquisition price: $0.00.
• Units granted: 403.638 stock-equivalent units (336.365 in lieu of cash retainer; 67.273 as 20% premium).
• Payment/settlement: Stock-equivalent units are payable in whole shares of common stock following termination of the director’s service; fractional units payable in cash (per footnote).
• Shares owned after transaction: Not disclosed in this filing.
• Filing was timely (no late-filing flag reported).

Context

• This was a compensation-related grant (retainer converted into stock-equivalent units), not an open-market purchase or sale by the director. Such awards are routine for board compensation and do not necessarily signal the director buying or selling based on company outlook.
• The Form 4 lists the acquisition price as $0 because these are compensation units; the filing includes footnote valuation that lets investors estimate an implied monetary value.