DTE Energy (NYSE: DTE) director converts phantom stock and returns shares

Rhea-AI Filing Summary

DTE Energy director Charles G. McClure reported a routine compensation-related share adjustment involving phantom stock. On May 4, 2026, phantom stock units converted on a 1-for-1 basis into 1,424.83 shares of Common Stock, reflecting an exercise of a derivative security under the company’s Deferred Stock Compensation Plan for Non-Employee Directors. The same 1,424.83 shares were then disposed of to the issuer, a non‑market transaction coded as a disposition to the company at a reference price of $146.73 per share. Following these transactions, McClure directly held 1,000 shares of Common Stock, and no remaining phantom stock position was shown in this filing.

Insider Trade Summary

1,424.83 shares exercised/converted

Mixed 3 txns

Insider MCCLURE CHARLES G

Role null

Type	Security	Shares	Price	Value
Exercise	Phantom Stock	1,424.83	$0.00	--
Exercise	Common Stock	1,424.83	$0.00	--
Disposition	Common Stock	1,424.83	$146.73	$209K

Holdings After Transaction: Phantom Stock — 2,746.9 shares (Direct, null); Common Stock — 2,424.83 shares (Direct, null)

Footnotes (1)

1. 1 for 1 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 converted: 1,424.83 shares Disposition to issuer: 1,424.83 shares Reference share price: $146.73 per share +2 more

5 metrics

Phantom stock converted 1,424.83 shares Common Stock received from phantom stock on May 4, 2026

Disposition to issuer 1,424.83 shares Common Stock transferred back to DTE Energy, code D

Reference share price $146.73 per share Price reported for disposition to issuer transaction

Shares held after transactions 1,000 shares DTE Energy Common Stock directly owned by McClure post‑transaction

Derivative exercise shares 1,424.83 shares Exercise or conversion of derivative security (phantom stock), code M

Key Terms

Phantom Stock, Deferred Stock Compensation Plan, Disposition to issuer, Exercise or conversion of derivative security

4 terms

Phantom Stock financial

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

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."

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Form 4 Insider Transactions: What Each Field Means →

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^*

MCCLURE CHARLES G

(Last) (First) (Middle)

ONE ENERGY PLAZA

(Street)

DETROIT MICHIGAN 48226

(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)
05/04/2026

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
Common Stock	05/04/2026		M		1,424.83	A	$0(1)	2,424.83	D
Common Stock	05/04/2026		D		1,424.83	D	$146.73	1,000	D

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)	05/04/2026		M			1,424.83	05/04/2026	05/04/2026	Common Stock	1,424.83	$0(1)	2,746.9(2)	D

Explanation of Responses:

1. 1 for 1

2. 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	05/06/2026
	** 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)

FAQ

What insider transaction did DTE Energy (DTE) director Charles McClure report?

Charles G. McClure reported a conversion of phantom stock into 1,424.83 DTE Energy common shares and an immediate disposition of the same number of shares back to the issuer. This reflects a compensation-related adjustment, not an open-market stock purchase or sale.

Did the DTE Energy (DTE) director sell shares on the open market in this Form 4?

No open-market sale was reported. The filing shows a conversion of phantom stock into 1,424.83 common shares and a disposition coded as a transfer to the issuer. These are internal, non-market transactions tied to a deferred stock compensation arrangement for non-employee directors.

How many DTE Energy (DTE) shares does Charles McClure hold after this Form 4?

After the reported transactions, Charles G. McClure directly held 1,000 shares of DTE Energy common stock. The phantom stock units that converted into 1,424.83 shares were fully offset by a disposition to the issuer, leaving this 1,000-share direct holding in his reported position.

What is the role of phantom stock in DTE Energy (DTE) director compensation?

The Form 4 indicates McClure held phantom stock acquired through reinvestment features under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors. These phantom units convert 1-for-1 into common shares, aligning director compensation with the company’s stock performance without immediate cash transactions.

What do the transaction codes D and M mean in the DTE Energy (DTE) Form 4?

In this Form 4, code M reflects the exercise or conversion of a derivative security, specifically phantom stock converting 1-for-1 into 1,424.83 common shares. Code D indicates a disposition to the issuer, meaning those same shares were transferred back to the company rather than sold in the market.