Akins Nicholas K 4

What Happened

Nicholas K. Akins, a director of DTE Energy Co. (DTE), was granted 1,230 phantom shares on 2026-05-07. The award is recorded as a derivative grant (code A) at $0.00 per share (no cash purchase). The phantom shares are immediately vested but are subject to a minimum one‑year deferral before settlement.

Key Details

• Transaction date: 2026-05-07; Form 4 filed 2026-05-11. No indication the filing was late.
• Transaction type: Award/Grant of derivative phantom shares (code A).
• Shares granted: 1,230 phantom shares at $0.00 (no cash outlay).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 = 1-for-1 conversion; F2 = shares immediately vested but subject to a minimum 1‑year deferral; F3 = includes phantom stock from the director deferred stock reinvestment feature.
• Plan: Award under the DTE Energy Company Deferred Stock Compensation Plan for Non‑Employee Directors.

Context

Phantom shares are a form of deferred compensation that typically track the value of company stock but do not represent current common‑share holdings until settled (in cash or stock) after the deferral period. Because this is a compensation award (not a market purchase or sale), it should be viewed as director pay rather than a direct trading signal.