DTE Energy director granted phantom stock units

DTE Energy Company director Gary Torgow reported a grant of phantom stock units as part of his director fees.

Rhea-AI Filing Summary

DTE Energy Company director Gary Torgow reported a grant of phantom stock units as part of his director fees. On April 1, 2026, he acquired 246.4 phantom stock units tied to DTE Energy common stock, credited at a reference price of $147.12 per unit.

The filing notes these phantom stock units represent payment of director fees and will be settled in cash on a future date chosen under the company’s non-employee director fee deferral plan. Following this grant, Torgow’s total phantom stock balance increased to 7,043.88 units, including amounts accumulated through the plan’s dividend reinvestment feature.

Insider Trade Summary

Grant/Award: 246.4 shares

Grant/Award 1 txn

Insider TORGOW GARY

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (Def Dir Fees)	246.4	$147.12	$36K

Holdings After Transaction: Phantom Stock (Def Dir Fees) — 7,043.88 contracts (Direct)

Footnotes (3)

1. F1. 1 for 1
2. F2. Payment of Director Fees. The phantom stock will be settled for cash on a date selected by the reporting person as provided under the plan.
3. F3. Includes phantom stock acquired through the dividend reinvestment feature of the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees.

Key Figures

Phantom stock units granted: 246.4 units Reference price per unit: $147.12 Total phantom stock after grant: 7,043.88 units +1 more

4 metrics

Phantom stock units granted 246.4 units Director fee grant on April 1, 2026

Reference price per unit $147.12 Valuation used to credit phantom stock units

Total phantom stock after grant 7,043.88 units Director’s phantom stock balance following the transaction

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

Key Terms

Phantom Stock, dividend reinvestment feature, Plan for Deferring the Payment of Non-Employee Director Fees

3 terms

Phantom Stock financial

"Phantom Stock (Def Dir Fees)"

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.

dividend reinvestment feature financial

"Includes phantom stock acquired through the dividend reinvestment feature"

Plan for Deferring the Payment of Non-Employee Director Fees financial

"DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DTE (DTB) report for director Gary Torgow?

Director Gary Torgow reported receiving a grant of 246.4 phantom stock units as payment of director fees. These units are linked to DTE Energy common stock and increase his deferred compensation balance rather than reflecting an open-market stock purchase or sale.

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

After the April 1, 2026 grant, Gary Torgow holds 7,043.88 phantom stock units in total. This balance includes the newly granted 246.4 units plus earlier phantom stock accumulated, including amounts added through the plan’s dividend reinvestment feature.

What price was used to value the new DTE (DTB) phantom stock units?

The 246.4 newly awarded phantom stock units were credited using a reference value of $147.12 per unit. This figure is used within the director fee deferral plan to determine how many phantom units correspond to the fees being deferred.

Will DTE (DTB) phantom stock units give Gary Torgow actual DTE shares?

The phantom stock units do not immediately provide actual shares; instead, they will be settled in cash under the director fee deferral plan. Settlement occurs on a date selected by the director according to the plan’s terms, rather than through stock delivery.

What is the purpose of DTE (DTB) phantom stock for non-employee directors?

Phantom stock for non-employee directors represents deferred director fees tracked as units linked to DTE common stock. According to the filing, these units can grow through a dividend reinvestment feature and are ultimately paid out in cash on a date chosen under the plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 12:38 PM Learn about SEC filing dates

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^*

TORGOW GARY

(Last) (First) (Middle)

ONE ENERGY PLAZA

1610 WCB

(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)
04/01/2026

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

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 (Def Dir Fees)	(1)	04/01/2026		A		246.4		(2)	(2)	Common Stock	246.4	$147.12	7,043.88(3)	D

Explanation of Responses:

1. 1 for 1

2. Payment of Director Fees. The phantom stock will be settled for cash on a date selected by the reporting person as provided under the plan.

3. Includes phantom stock acquired through the dividend reinvestment feature of the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees.

Remarks:

	/s/Todd A. Richards, Attorney-in-Fact	04/02/2026
	** 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)