DTE Energy (NYSE: DTB) director receives 1,230 phantom stock phantom units award
Filing Impact
Filing Sentiment
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 Trade Summary
1 transaction reported
Mixed
1 txn
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 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: 2,448.72 units
Conversion ratio: 1 for 1
+2 more
5 metrics
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
Key Terms
Phantom Stock, 1 for 1, Deferred Stock Compensation Plan for Non-Employee Directors
3 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.
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."
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.