DTE Energy (NYSE: DTB) director granted cash-settled phantom stock units

Rhea-AI Filing Summary

DTE Energy director Gary Torgow received an award of phantom stock units as part of his non-employee director fees. On this date, he was granted 240.7500 phantom stock units tied on a 1-for-1 basis to DTE common stock, at a reference price of $150.5700 per unit.

These phantom stock units are part of the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees and will be settled in cash at a future date selected by Torgow under the plan. After this grant, his total phantom stock balance under the plan is 7,338.6000 units, including units acquired through the plan’s dividend reinvestment feature.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TORGOW GARY

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (Def Dir Fees)	240.75	$150.57	$36K

Holdings After Transaction: Phantom Stock (Def Dir Fees) — 7,338.6 shares (Direct, null)

Footnotes (1)

1. 1 for 1 Payment of Director Fees. The phantom stock will be settled for cash on a date selected by the reporting person as provided under the plan. Includes phantom stock acquired through the dividend reinvestment feature of the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees.

Key Figures

Phantom stock units granted: 240.7500 units Reference price per unit: $150.5700 per unit Total phantom stock holdings: 7,338.6000 units +1 more

4 metrics

Phantom stock units granted 240.7500 units Grant of phantom stock for director fees on reported date

Reference price per unit $150.5700 per unit Value reference for newly granted phantom stock units

Total phantom stock holdings 7,338.6000 units Phantom stock balance following the reported grant

Conversion ratio 1 for 1 Each phantom stock unit tracks one DTE common share

Key Terms

Phantom Stock (Def Dir Fees), dividend reinvestment feature, Plan for Deferring the Payment of Non-Employee Director Fees, phantom stock

4 terms

Phantom Stock (Def Dir Fees) financial

"security_title: "Phantom Stock (Def Dir Fees)""

dividend reinvestment feature financial

"Includes phantom stock acquired through the dividend reinvestment feature of the DTE Energy Company Plan"

Plan for Deferring the Payment of Non-Employee Director Fees financial

"DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees"

phantom stock financial

"The phantom stock will be settled for cash on a date selected by the reporting person"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 10:16 AM Accepted by SEC EDGAR 07/02/2026 - 10:15 AM 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^*

TORGOW GARY

(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)
07/01/2026

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 (Def Dir Fees)	(1)	07/01/2026		A		240.75		(2)	(2)	Common Stock	240.75	$150.57	7,338.6(3)	D

Explanation of Responses:

1. 1 for 1

2. Payment of Director Fees. The phantom stock will be settled for cash on a date selected by the reporting person as provided under the plan.

3. Includes phantom stock acquired through the dividend reinvestment feature of the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees.

Remarks:

	/s/Todd A. Richards, Attorney-in-Fact	07/02/2026
	** 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 did DTE Energy (DTB) director Gary Torgow report in this Form 4?

Gary Torgow reported an acquisition of phantom stock units as part of his director fees. He received 240.7500 phantom stock units, each tied to DTE common stock, increasing his total phantom stock holdings to 7,338.6000 units under the company’s director fee deferral plan.

How many phantom stock units did Gary Torgow receive from DTE Energy (DTB)?

Gary Torgow received 240.7500 phantom stock units credited for his director fees. These units are linked on a 1-for-1 basis to DTE common stock and increase his overall phantom stock balance under the non-employee director fee deferral plan administered by DTE Energy.

What is the value reference for Gary Torgow’s phantom stock grant at DTE Energy (DTB)?

The phantom stock grant to Gary Torgow used a reference price of $150.5700 per unit. Each phantom stock unit tracks the value of one share of DTE common stock, providing cash-settled economic exposure rather than direct ownership of the underlying shares.

How many total phantom stock units does Gary Torgow hold after this DTE Energy (DTB) transaction?

After this transaction, Gary Torgow holds a total of 7,338.6000 phantom stock units. This total includes both the newly granted 240.7500 units and additional units accumulated through the dividend reinvestment feature of DTE Energy’s non-employee director fee deferral plan.

How and when will Gary Torgow’s DTE Energy (DTB) phantom stock be settled?

The phantom stock will be settled in cash rather than shares. Settlement occurs on a date selected by Gary Torgow, as provided under DTE Energy’s plan for deferring the payment of non-employee director fees, giving him flexibility on when to receive the cash payment.

What plan governs Gary Torgow’s phantom stock at DTE Energy (DTB)?

The phantom stock is governed by the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees. Under this plan, director fees are converted into phantom stock units, can grow via dividend reinvestment, and are ultimately settled for cash at a chosen future date.