BRANDON DAVID 4

What Happened
Brandon David, a director of DTE Energy Co. (DTE), received an award of 246.4 phantom shares (derivative award) on 2026-04-01. The grant is valued at $147.12 per share, for a total reported value of $36,250. This was an award/grant (code A) as part of the company’s director fee deferral plan — not an open-market purchase or sale of common stock.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely).
• Award: 246.4 phantom shares at $147.12 per share; total value $36,250.
• Nature: Derivative phantom stock award to be settled for cash (not immediate issuance of common shares).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = 1-for-1 conversion; F2 = payment of director fees, phantom stock will be settled for cash on a date selected by the reporting person under the plan; F3 = includes phantom stock from dividend reinvestment under the director fee deferral plan.

Context
This is a routine compensation-related award for a non-employee director under DTE’s deferral plan. Phantom stock represents a cash-settled right tied to the company’s share value (here 1-for-1), so it does not immediately change outstanding share count. Such awards are compensation and should not be read as a direct insider market signal like an open-market purchase or sale.