DTE Energy (DTE) director receives 1,230 phantom stock units in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DTE Energy director Charles G. McClure received a grant of 1,230 phantom stock units on May 7, 2026. These phantom shares are tied 1-for-1 to DTE Energy common stock and were awarded at a stated price of $0.00 as a compensation grant, not a market purchase.
The phantom stock is immediately vested but must be deferred for at least one year, meaning payout is postponed even though ownership is credited. Following this award, McClure holds a total of 3,976.9 phantom stock units, including amounts acquired through reinvestment 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
MCCLURE CHARLES G
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 per unit
+2 more
5 metrics
Phantom stock granted
1,230 units
Grant to director on May 7, 2026
Phantom stock holdings after grant
3,976.9 units
Total phantom stock units following transaction
Grant price per unit
$0.00 per unit
Compensation award, not open-market purchase
Conversion ratio
1-for-1
Each phantom unit corresponds to one common share
Deferral period
Minimum 1 year
Phantom shares vested but payout deferred
Key Terms
Phantom Stock, Deferred Stock Compensation Plan, reinvestment feature, grant/award 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."
reinvestment feature financial
"Includes phantom stock acquired through the reinvestment feature under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors."
grant/award acquisition financial
"transaction_action: grant/award acquisition for 1,230 phantom stock units at $0.0000."
FAQ
What insider transaction did DTE Energy (DTE) report for Charles G. McClure?
DTE Energy reported that director Charles G. McClure received 1,230 phantom stock units as a compensation grant. The award is a derivative, not an open-market trade, and increases his total phantom stock holdings to 3,976.9 units tied to DTE common stock.
Is the DTE Energy (DTE) phantom stock grant to Charles G. McClure a stock purchase?
No, the 1,230 phantom stock units granted to Charles G. McClure are a compensation award, not a market purchase. The Form 4 lists a grant/award acquisition with a price of $0.00 per unit, reflecting non-cash, compensation-related equity exposure rather than insider buying.
How many phantom stock units does Charles G. McClure hold after the DTE (DTE) grant?
After the grant, Charles G. McClure holds 3,976.9 phantom stock units. This total includes the new 1,230-unit award and phantom stock previously acquired through the reinvestment feature of DTE Energy’s deferred stock compensation plan for non-employee directors.
What does 1-for-1 phantom stock mean in the DTE Energy (DTE) Form 4?
In this filing, 1-for-1 means each phantom stock unit corresponds to one share of DTE Energy common stock. The units track the value of the underlying shares for compensation purposes, but they are not themselves traded on the market like regular stock.
What plan governs the phantom stock reported in the DTE (DTE) Form 4 for Charles G. McClure?
The phantom stock is held under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors. The filing notes that the total includes phantom stock acquired through the plan’s reinvestment feature, which credits additional units as amounts are reinvested.