How are DTE Energy (DTB) phantom stock units related to common stock for David Brandon?

The phantom stock units are linked to common stock on a 1-for-1 basis. This means each phantom share tracks one share of DTE common stock in value, as specified in the footnote describing the grant’s conversion relationship.

DTE Energy (DTB) director Brandon granted 1,230 phantom stock units, now holds 7,135.9

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BRANDON DAVID reported acquisition or exercise transactions in this Form 4 filing.

DTE Energy Co director David Brandon received a grant of 1,230 phantom stock units linked on a 1-for-1 basis to DTE common stock. These phantom shares are immediately vested but must be deferred for at least one year. Following this award, Brandon holds a total of 7,135.9 phantom stock units, including amounts accumulated through the reinvestment feature of the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BRANDON DAVID

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,230	$0.00	--

Holdings After Transaction: Phantom Stock — 7,135.9 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 grant: 1,230 units Total phantom stock after grant: 7,135.9 units Conversion ratio: 1 for 1 +2 more

5 metrics

Phantom stock grant 1,230 units Phantom Stock awarded on May 7, 2026

Total phantom stock after grant 7,135.9 units Holdings following the reported transaction

Conversion ratio 1 for 1 Phantom stock linked to DTE common stock

Transaction price per unit $0.0000 Grant of phantom stock units

Underlying common stock 1,230 shares Underlying security shares for the phantom stock grant

Key Terms

Phantom Stock, phantom shares, Deferred Stock Compensation Plan for Non-Employee Directors

3 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.

phantom shares financial

"The phantom shares are immediately vested, but subject to a minimum 1-year deferral."

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

Deferred Stock Compensation Plan for Non-Employee Directors financial

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

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 12:51 PM

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^*

BRANDON DAVID

(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)
05/07/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾	05/07/2026		A		1,230		⁽²⁾	⁽²⁾	Common Stock	1,230	$0	7,135.9⁽³⁾	D

Explanation of Responses:

1. 1 for 1

2. The phantom shares are immediately vested, but subject to a minimum 1-year deferral.

3. 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	05/11/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did the DTE Energy (DTB) Form 4 filed for David Brandon report?

The Form 4 reports that director David Brandon received 1,230 phantom stock units tied 1-for-1 to DTE common stock, increasing his total phantom stock holdings to 7,135.9 units under the company’s non-employee director deferred stock plan.

How many DTE Energy (DTB) phantom stock units did David Brandon receive?

David Brandon received 1,230 phantom stock units. These units are linked 1-for-1 to DTE common stock and were granted as part of the Deferred Stock Compensation Plan for Non-Employee Directors, adding to his existing phantom stock balance.

What is David Brandon’s total phantom stock position after this DTE Energy (DTB) grant?

After the grant, David Brandon holds 7,135.9 phantom stock units. This total includes the 1,230 new units plus phantom stock previously acquired, including amounts from the plan’s reinvestment feature for non-employee directors.

Are the DTE Energy (DTB) phantom stock units granted to David Brandon vested immediately?

Yes, the phantom shares are immediately vested. However, they are subject to a minimum one-year deferral period, meaning Brandon must wait at least one year before receiving the underlying value of these phantom stock units.