BRANDON DAVID 4

What Happened

• Brandon David, a director of DTE Energy Co. (DTE), was granted 240.75 shares (derivative/phantom stock) on 2026-07-01. The award is reported at a per-share value of $150.57, for a total reported value of $36,250. This was an award/compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-07-01 at $150.57 per share (total $36,250).
• Transaction type: Grant/Award of derivative phantom stock (Form 4 code A).
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnotes:
  • F1: 1-for-1 (standard conversion reference).
  • F2: Award represents payment of director fees; phantom stock will be settled for cash on a date chosen by the reporting person under the plan.
  • F3: Includes phantom stock acquired via the plan’s dividend reinvestment feature.
• Filing timeliness: Form filed 2026-07-02 (the day after the transaction) — not indicated as late.

Context

• This was a routine director compensation award of phantom stock (a cash-settled derivative), not a purchase of common shares; it does not immediately increase voting shares. Such awards are standard for non-employee directors and are best viewed as compensation rather than a direct bullish signal.