DTE Insider Filing: 725-Share Gift by Chairman Norcia; 407,263 Shares Remain
Rhea-AI Filing Summary
Gerardo Norcia, a director and the Chairman and CEO of DTE Energy Co. (DTE), reported a gift of 725 shares of DTE common stock on 08/28/2025 (transaction code G) with no cash consideration. After the reported transaction, the filing shows 407,263 shares held directly by the reporting person. The filing also notes an indirect holding of 914.52 shares attributed to the DTE Energy Company Savings and Stock Ownership Plan per a Plan statement dated 08/28/2025. The Form 4 was signed by Todd A. Richards as attorney-in-fact on 09/02/2025. The disclosure is limited to the described gift and the stated direct and indirect holdings.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider disclosure of a gift and current beneficial ownership; no evident trading for cash proceeds.
The Form 4 reports a non-sale transfer coded as a gift (G) of 725 shares by the reporting person, resulting in 407,263 shares held directly afterward. The report also documents an indirect plan holding of 914.52 shares as of the plan statement dated 08/28/2025. There is no cash consideration received per the explanation, and the transaction appears to be a personal transfer rather than a market sale or option exercise. From a compliance perspective, the filing meets Section 16 reporting by disclosing the change in beneficial ownership and the source of indirect shares. No additional material disclosures or changes to control are indicated in the provided filing.
TL;DR: Disclosure describes a small gift by a senior officer/director and restates direct and plan-based indirect holdings.
The submission clarifies the nature of the transaction as a gift with no consideration to the recipient and references plan-held shares through the company savings and ownership plan. The scales of the reported amounts—725 shares gifted versus 407,263 shares retained directly—suggest the gift is immaterial to overall insider ownership percentages disclosed. The signature by an attorney-in-fact is documented, indicating proper execution of the filing. The Form 4 does not indicate any change in officer status, control intent, or other governance actions.