BRANDON DAVID 4

What Happened

• Brandon David, a non-employee director of DTE Energy Co. (DTE), received a grant of 1,230 phantom (derivative) shares on 2026-05-07. The award is reported at $0.00 per share (derivative award), and the grant reflects a 1-for-1 tracking to common shares. The phantom shares are immediately vested but are subject to a minimum one-year deferral before payout.

Key Details

• Transaction date: 2026-05-07; filing date: 2026-05-11 (appears late — Form 4s are generally due within 2 business days).
• Transaction type/code: A — Grant/Award (derivative phantom stock).
• Amount: 1,230 phantom shares at $0.00 (derivative award; reported acquisition value $0).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1 = 1-for-1 (each phantom share tracks one common share); F2 = immediately vested but subject to minimum 1-year deferral; F3 = includes phantom stock acquired via reinvestment under the DTE Deferred Stock Compensation Plan for Non‑Employee Directors.

Context

• Phantom shares are a deferred/derivative award that track the value of common stock but are not tradable shares until/if converted or paid out; they typically pay in cash or stock after vesting/deferral. This is an award (not an open-market purchase or sale), so it represents compensation/retention rather than a direct market bet.