STOCK TITAN

DTE Energy (NYSE: DTB) director receives 1,230 phantom stock phantom units award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DTE Energy Co director Nicholas K. Akins received a grant of 1,230 phantom stock units on May 7, 2026. These units are tied on a 1-for-1 basis to DTE common stock. The phantom shares are immediately vested but must be deferred for at least one year.

Following this grant, Akins holds a total of 2,448.72 phantom stock units, including amounts acquired through the reinvestment feature under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors. This is a compensation-related award, not an open-market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Akins Nicholas K
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock 1,230 $0.00 --
Holdings After Transaction: Phantom Stock — 2,448.72 shares (Direct, null)
Footnotes (1)
  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.
Phantom stock grant 1,230 units Grant of phantom stock on May 7, 2026
Total phantom stock after grant 2,448.72 units Holdings following the reported transaction
Conversion ratio 1 for 1 Phantom stock tied to DTE common stock
Deferral period Minimum 1 year Phantom shares immediately vested but deferred
Transaction price $0.0000 per unit Compensation grant, not open-market purchase
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.
1 for 1 financial
"1 for 1"
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."
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SEC Form 4
FORM 4UNITED 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*
Akins Nicholas K

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)05/07/2026A1,230 (2) (2)Common Stock1,230$02,448.72(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-Fact05/11/2026
** Signature of Reporting PersonDate
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 Nicholas K. Akins report in the latest DTE (DTB) Form 4?

Nicholas K. Akins reported receiving 1,230 phantom stock units as a compensation grant. These units are linked on a 1-for-1 basis to DTE common stock value and increase his total phantom stock holdings to 2,448.72 units.

Is the Akins Form 4 transaction for DTE (DTB) a stock purchase or sale?

The Form 4 shows a grant of phantom stock, not a market purchase or sale. The transaction is coded as an acquisition (A) representing a compensation award, with no cash changing hands in open-market trading for DTE common shares.

How many phantom stock units does Akins hold after this DTE (DTB) grant?

After the grant, Nicholas K. Akins holds 2,448.72 phantom stock units. This total includes the new 1,230-unit award and phantom stock previously acquired through the reinvestment feature of the DTE Energy deferred stock compensation plan.

What are the key terms of the phantom stock granted to Akins at DTE (DTB)?

The phantom stock is on a 1-for-1 basis with DTE common stock and is immediately vested. However, the award is subject to a minimum one-year deferral period, delaying when the director can receive the underlying value in cash or shares.

How did Akins acquire additional phantom stock under DTE (DTB)’s plan?

The filing notes his total includes phantom stock gained through a reinvestment feature under DTE Energy’s Deferred Stock Compensation Plan for Non-Employee Directors. This feature reinvests amounts into additional phantom shares, increasing his deferred compensation balance over time.