DTE Energy (NYSE: DTE) director exercises phantom stock, returns shares

Rhea-AI Filing Summary

DTE Energy Company director David A. Thomas reported a routine equity compensation adjustment involving phantom stock and common shares. On May 4, 2026, he exercised 1,424.83 phantom stock units into common stock on a 1-for-1 basis and simultaneously disposed of 1,424.83 common shares back to the issuer. Following these transactions, he directly holds 2,068 common shares and 2,746.90 phantom stock units, with no open-market buying or selling disclosed.

Insider Trade Summary

1,424.83 shares exercised/converted

Mixed 3 txns

Insider Thomas David A

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 — 3,492.83 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 exercised: 1,424.83 units Shares disposed to issuer: 1,424.83 shares Disposition price: $146.73 per share +2 more

5 metrics

Phantom stock exercised 1,424.83 units Converted into common stock on May 4, 2026

Shares disposed to issuer 1,424.83 shares Common Stock, disposition to issuer at $146.73/share

Disposition price $146.73 per share Price for Common Stock disposition to issuer

Common shares after transactions 2,068.00 shares Total Common Stock directly held following transactions

Phantom stock after transactions 2,746.90 units Phantom Stock units held following exercise on May 4, 2026

Key Terms

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

4 terms

Phantom Stock financial

"security_title: "Phantom Stock""

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.

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""

Deferred Stock Compensation Plan financial

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

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^*

Thomas David A

(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)	3,492.83	D
Common Stock	05/04/2026		D		1,424.83	D	$146.73	2,068	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 (DTE Energy) report on this Form 4?

The filing shows director David A. Thomas exercised 1,424.83 phantom stock units into DTE Energy common stock and then disposed of an equal 1,424.83 common shares back to the issuer, reflecting a compensation-related adjustment rather than an open-market trade.

Did the DTE Energy director buy or sell shares on the open market?

No open-market trades are reported. The Form 4 records an internal exercise of phantom stock into common shares and a matching disposition to the issuer, meaning the activity occurred with the company, not through public market purchases or sales.

How many DTE Energy common shares does the director hold after these transactions?

After the reported transactions, director David A. Thomas directly holds 2,068 common shares of DTE Energy. This figure reflects his position following the exercise of phantom stock and the concurrent disposition of an equal number of common shares to the issuer.

What happened to the director’s phantom stock units in this DTE filing?

The director exercised 1,424.83 phantom stock units into DTE common stock on a 1-for-1 basis. After this conversion, his remaining balance is 2,746.90 phantom stock units, including amounts acquired via the company’s deferred stock compensation plan.

What does a 'Disposition to issuer' mean in the DTE Energy Form 4?

'Disposition to issuer' indicates shares were returned to DTE Energy, not sold on the open market. In this case, 1,424.83 common shares were surrendered back to the company in connection with the exercise of phantom stock, as part of equity compensation mechanics.