DTE director converts phantom stock into shares
DTE Energy director Valerie Williams reported compensation-related stock movements involving common and phantom stock on May 4, 2026.
Rhea-AI Filing Summary
DTE Energy director Valerie Williams reported compensation-related stock movements involving common and phantom stock on May 4, 2026. She exercised 1,424.83 phantom stock units into the same number of common shares on a 1 for 1 basis under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors.
In connection with these transactions, 0.83 common share was disposed of back to the issuer. After the transactions, Williams directly holds 7,012 common shares and 4,481.28 phantom stock units, reflecting routine plan-related adjustments rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,424.83 shares exercised/converted
Exercise
3 txns
Insider
Williams Valerie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 1,424.83 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,424.83 | $0.00 | $0.00 |
| Disposition | Common Stock | 0.83 | $146.73 | $121.79 |
Holdings After Transaction:
Phantom Stock — 4,481.28 contracts (Direct);
Common Stock — 7,012 shares (Direct)
Footnotes (2)
- F1. 1 for 1
- F2. 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
Common shares acquired from exercise: 1,424.83 shares
Shares disposed to issuer: 0.83 share at $146.73
+2 more
5 metrics
Phantom stock exercised
1,424.83 units
Converted 1-for-1 into common stock on May 4, 2026
Common shares acquired from exercise
1,424.83 shares
Resulting common stock from phantom stock conversion
Shares disposed to issuer
0.83 share at $146.73
Disposition to issuer in non-derivative transaction
Common shares held after transactions
7,012 shares
Direct DTE common stock ownership following Form 4 activity
Phantom stock units remaining
4,481.28 units
Deferred compensation phantom stock balance after exercise
Key Terms
Phantom Stock, Disposition to issuer, Exercise or conversion of derivative security, Deferred Stock Compensation Plan for Non-Employee Directors
4 terms
Phantom Stock financial
"security_title: "Phantom Stock" in derivative transaction details"
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" for 0.83 share"
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
Deferred Stock Compensation Plan for Non-Employee Directors financial
"footnote: "under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors""
FAQ
What did DTE (DTB) director Valerie Williams report in this Form 4?
Valerie Williams reported routine compensation-related transactions on May 4, 2026. She exercised 1,424.83 phantom stock units into common stock and recorded a small 0.83-share disposition back to the issuer, reflecting plan administration rather than open-market trading activity.
What is the phantom stock involved in Valerie Williams’ DTE (DTB) filing?
The filing refers to Phantom Stock units that convert 1 for 1 into DTE common shares. These units are held under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors, which reinvests amounts into phantom stock instead of immediate cash or shares.
What are Valerie Williams’ DTE holdings after these Form 4 transactions?
After the reported transactions, Williams directly owns 7,012 common shares of DTE Energy and holds 4,481.28 phantom stock units. These positions reflect both her regular equity stake and deferred compensation accumulated under the company’s non-employee director stock compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
