TORGOW GARY 4

What Happened Gary Torgow, a director of DTE Energy Co. (DTE), received an award of 1,230 phantom shares on 2026-05-07. The transaction is reported as a derivative award (code A) at $0.00 per share; these are phantom (deferred) stock units rather than current common shares and carry no immediate cash purchase price. The award is immediately vested but payout is subject to a minimum one-year deferral.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (appears timely — filed within two business days).
• Security/transaction type: Derivative award (phantom stock) — 1,230 units at $0.00 (code A).
• Shares owned after transaction: Not specified in this filing for beneficial ownership of common stock; these are deferred/phantom units under the director plan.
• Relevant footnotes:
  • F1: 1-for-1 (phantom units track common shares 1:1).
  • F2: Phantom shares are immediately vested but subject to a minimum 1-year deferral before payout.
  • F3: Includes phantom stock acquired via the reinvestment feature of the DTE Deferred Stock Compensation Plan for Non‑Employee Directors.

Context This is a routine director compensation award (phantom/deferred stock) rather than an open‑market purchase or sale. Phantom shares typically mirror the economic value of common stock at payout but do not confer current voting rights and are paid according to the plan’s deferral terms. Such awards are common for non‑employee directors and do not directly signal insider buying or selling of common shares.