DTE Director Charles McClure Receives 1,230 Phantom Shares

What Happened
Charles G. McClure, a director of DTE Energy Co. (DTE), was granted 1,230 phantom shares (derivative award) on 2026-05-07. The award shows an acquisition price of $0.00 (no cash exchanged) and reflects compensation under DTE’s Deferred Stock Compensation Plan for Non‑Employee Directors. These are not open‑market purchases or sales but company compensation.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the SEC’s typical two-business-day window).
• Transaction type/code: Award/Grant (A) of 1,230 derivative units; reported price $0.00.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1 = 1-for-1 conversion (units convert to shares 1:1 on settlement); F2 = units are immediately vested but subject to a minimum 1‑year deferral before settlement; F3 = includes phantom stock acquired via the plan’s reinvestment feature.
• This is compensation to a non‑employee director (routine director pay), not a market purchase or sale.

Context
Phantom shares are derivative units that generally track the value of company stock and pay out in stock or cash upon settlement; they do not represent immediate voting shares. The immediate vesting with a required one‑year deferral means McClure has earned the units but cannot receive their cash/share value for at least one year. Such grants are common for non‑employee director compensation and should be viewed as routine corporate pay rather than a direct buy/sell signal.