Byers Deborah L 4

What Happened

• Deborah L. Byers, a director of DTE Energy Co. (DTE), received a grant of 1,230 phantom shares (derivative award) on 2026-05-07. The award was reported as 1,230 units at $0.00 each (transaction code A — award/grant). The Form 4 was filed on 2026-05-11.
• These are phantom stock units (not open-market purchases or sales) and therefore represent a deferred, company-sponsored compensation award rather than immediate, tradable stock.

Key Details

• Transaction date and price: 2026-05-07; 1,230 units at $0.00 (award, code A).
• Filing date: 2026-05-11 — appears timely (filed within the standard two business-day window).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes:
  • F1: "1 for 1" (conversion ratio is 1:1).
  • F2: Phantom shares are immediately vested but distributions are subject to a minimum 1-year deferral.
  • F3: Includes phantom stock acquired via the reinvestment feature of the DTE Deferred Stock Compensation Plan for Non-Employee Directors.
• Derivative explanation: Phantom shares track the value of DTE shares but are not market-tradable common stock at grant and will be paid/settled later per plan rules.

Context

• This is a routine director compensation award for a non-employee director and is not a purchase or sale that directly signals buying/selling intent in the market.
• Deferred and phantom-share awards are common for board members to align their pay with long-term shareholder value; they provide economic exposure without immediate share issuance or voting rights.