SKAGGS ROBERT C JR 4

What Happened Robert C. Skaggs Jr., a non-employee director of DTE Energy Co. (DTE), was granted 1,230 phantom shares on 2026-05-07. The award shows an acquisition price of $0.00 (derivative award) and a total reported value of $0. These are deferred/phantom shares issued as director compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-07; reported on Form 4 filed 2026-05-11 (appears to be filed after the usual 2-business-day window).
• Grant: 1,230 phantom shares, acquisition price $0.00 (derivative award).
• Footnotes: F1 = 1-for-1; F2 = phantom shares are immediately vested but subject to a minimum 1-year deferral; F3 = includes phantom stock acquired via the DTE Deferred Stock Compensation Plan for Non-Employee Directors.
• Shares owned after transaction: not specified in the provided summary.

Context This was a compensation grant (phantom/deferred stock) for a non-employee director, not a market purchase or sale. Phantom shares typically track company stock value for payout purposes but are subject to deferral rules (here, a minimum one-year deferral). Such grants are common for board compensation and are not direct indicators of immediate buying or selling by the insider.