DTE Energy (NYSE: DTE) director receives 1,230 phantom stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Thomas David A reported acquisition or exercise transactions in this Form 4 filing.
DTE Energy director David A. Thomas received a compensation-related grant of phantom stock. On May 7, 2026, he was awarded 1,230 phantom stock units tied on a 1-for-1 basis to DTE Energy common shares. This increased his phantom stock holdings to 3,976.9 units.
The phantom shares are immediately vested but must be deferred for at least one year, reflecting a long-term, non-cash compensation arrangement under DTE Energy's Deferred Stock Compensation Plan for non-employee directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas David A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,230 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 3,976.9 shares (Direct, null)
Footnotes (1)
- 1 for 1 The phantom shares are immediately vested, but subject to a minimum 1-year deferral. 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: 3,976.9 units
Grant price per unit: $0.00
+2 more
5 metrics
Phantom stock granted
1,230 units
Grant on May 7, 2026 to non-employee director
Phantom stock holdings after grant
3,976.9 units
Total phantom stock following May 7, 2026 award
Grant price per unit
$0.00
Compensation award, not open-market purchase
Underlying common stock linkage
1-for-1
Each phantom unit corresponds to one common share
Minimum deferral period
1 year
Phantom shares immediately vested but deferred
Key Terms
Phantom Stock, Deferred Stock Compensation Plan, Grant, award, or other acquisition, underlying security
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."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: Common Stock"
FAQ
What did DTE Energy director David A. Thomas report on this Form 4 for DTE?
David A. Thomas reported receiving 1,230 phantom stock units tied to DTE Energy common stock. This was a grant under a deferred compensation plan for non-employee directors and represents non-cash, equity-linked compensation rather than an open-market purchase or sale of shares.
How many phantom stock units does David A. Thomas now hold at DTE Energy?
After the May 7, 2026 grant, David A. Thomas holds a total of 3,976.9 phantom stock units. These units are linked on a 1-for-1 basis to DTE Energy common stock, providing equity-based exposure as part of his director compensation package.
Is the DTE Energy phantom stock granted to David A. Thomas immediately vested?
Yes, the phantom stock granted to David A. Thomas is immediately vested. However, it is subject to a minimum one-year deferral period, meaning payout or settlement is delayed, aligning his compensation more closely with DTE Energy’s longer-term performance and governance objectives.
What does 1-for-1 phantom stock mean in the DTE Energy Form 4 filing?
In this DTE Energy Form 4, 1-for-1 means each phantom stock unit corresponds to one share of DTE Energy common stock. While not actual shares, the phantom units mirror the value of common stock, providing stock-linked economic exposure without immediate share issuance.