Thomas David A 4

What Happened Thomas David A, a director of DTE Energy Co., exercised/converted 1,424.83 derivative units into common shares and immediately disposed of those 1,424.83 shares to the issuer on May 4, 2026. The shares were sold at $146.73 each for total proceeds of $209,065. The filing shows the conversion was on a 1-for-1 basis and the disposal to the issuer occurred the same day.

Key Details

• Transaction date: 2026-05-04 (reported on Form 4 filed 2026-05-06)
• Action: M = exercise/conversion of derivative units (1,424.83 shares), followed by D = disposition to issuer (sale) of 1,424.83 shares at $146.73 each, proceeds $209,065
• Shares owned after transaction: Not specified in the provided summary of the filing
• Footnotes: F1 indicates a 1-for-1 conversion; F2 notes these include phantom stock acquired via the Deferred Stock Compensation Plan for Non-Employee Directors (reinvestment feature)
• Timeliness: Reported with a Form 4 filed 2026-05-06 for a 2026-05-04 transaction (no late-filing flag indicated)

Context This was a conversion of derivative/phantom stock units followed by an immediate sale to the issuer, effectively a cashless-like disposition rather than an open-market purchase. Such transactions by non-employee directors are often routine (e.g., tax withholding, plan settlements) and should be viewed as an executed compensation/settlement event rather than an explicit buy or sell signal about company prospects.