DTE Energy director awarded 1,230 phantom stock units

Williams Valerie reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Williams Valerie reported acquisition or exercise transactions in this Form 4 filing.

DTE Energy director Valerie Williams received an award of 1,230 units of phantom stock on May 7, 2026. This was a compensation-related grant, not an open-market purchase, and carries a stated price of $0.00 per unit.

The phantom stock is linked 1-for-1 to DTE Energy common stock and is immediately vested but subject to at least a one-year deferral. Following this grant, Williams holds a total of 5,711.28 phantom stock units, including amounts accumulated through the deferred stock compensation plan’s reinvestment feature.

Insider Trade Summary

Grant/Award: 1,230 shares

Grant/Award 1 txn

Insider Williams Valerie

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,230	$0.00	$0.00

Holdings After Transaction: Phantom Stock — 5,711.28 contracts (Direct)

Footnotes (3)

1. F1. 1 for 1
2. F2. The phantom shares are immediately vested, but subject to a minimum 1-year deferral.
3. F3. Includes phantom stock acquired through the reinvestment feature under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors.

Key Figures

Phantom stock granted: 1,230 units Phantom stock holdings after grant: 5,711.28 units Transaction price per unit: $0.00 +2 more

5 metrics

Phantom stock granted 1,230 units Grant to director Valerie Williams on May 7, 2026

Phantom stock holdings after grant 5,711.28 units Total phantom stock units following the transaction

Transaction price per unit $0.00 Compensation award, not an open-market purchase

Conversion ratio 1-for-1 Phantom stock linked to DTE Energy common stock

Minimum deferral period 1 year Phantom shares vested but subject to deferral

Key Terms

Phantom Stock, Deferred Stock Compensation Plan, Non-Employee Directors, Grant, award, or other acquisition

4 terms

Phantom Stock financial

"The phantom shares are immediately vested, but subject to a minimum 1-year deferral."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Deferred Stock Compensation Plan financial

"Includes phantom stock acquired through the reinvestment feature under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors."

Non-Employee Directors financial

"Deferred Stock Compensation Plan for Non-Employee Directors."

Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DTE Energy (DTB) report for Valerie Williams?

DTE Energy reported that director Valerie Williams received 1,230 phantom stock units as a compensation grant. The award is not an open-market purchase and brings her total phantom stock holdings to 5,711.28 units under the company’s deferred stock compensation framework.

Is Valerie Williams buying or selling DTE Energy (DTB) stock in this Form 4?

Valerie Williams is not buying or selling stock on the open market in this Form 4. She received a grant of 1,230 phantom stock units as compensation, which increases her deferred, stock-linked holdings without any cash transaction at a market price.

How many phantom stock units does Valerie Williams hold after this DTE Energy (DTB) grant?

After the grant, Valerie Williams holds 5,711.28 phantom stock units tied to DTE Energy common stock. This total includes the newly awarded 1,230 units and prior phantom stock accumulated through the deferred stock compensation plan and its reinvestment features for non-employee directors.

What are the key terms of the phantom stock granted by DTE Energy (DTB)?

The 1,230 phantom stock units are immediately vested and track DTE Energy common stock on a 1-for-1 basis. However, they are subject to a minimum one-year deferral and are administered under the company’s Deferred Stock Compensation Plan for Non-Employee Directors.

Does the DTE Energy (DTB) phantom stock grant involve a cash exercise price?

The phantom stock grant shows a transaction price and exercise price of $0.00 per unit. This indicates a pure compensation award rather than a purchase, providing Valerie Williams with stock-linked value without requiring her to pay cash to acquire the units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 12:52 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Williams Valerie

(Last) (First) (Middle)

ONE ENERGY PLAZA

(Street)

DETROIT MICHIGAN 48226-1279

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DTE ENERGY CO [ DTE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	05/07/2026		A		1,230		(2)	(2)	Common Stock	1,230	$0	5,711.28(3)	D

Explanation of Responses:

1. 1 for 1

2. The phantom shares are immediately vested, but subject to a minimum 1-year deferral.

3. Includes phantom stock acquired through the reinvestment feature under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors.

Remarks:

	/s/Todd A. Richards, Attorney-in-Fact	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)