STOCK TITAN

Xcel Energy (XEL) director awarded 2,254 stock equivalent units, now holding 19,339

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

Rhea-AI Filing Summary

Johnson Netha N. reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Netha N. Johnson received an award of 2,253.944 stock equivalent units tied to common stock. The grant was recorded at $0.00 per unit and brings the director’s direct holdings to 19,339.585 stock equivalent units.

According to the footnotes, each stock equivalent unit is economically equal to one share of common stock and will be settled after the director’s service ends, in shares for whole units and cash for fractional units. The grant includes 486.951 units accumulated through the reinvestment of dividend equivalents.

Positive

  • None.

Negative

  • None.
Insider Johnson Netha N.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,253.944 $0.00 --
Holdings After Transaction: Common Stock — 19,339.585 shares (Direct, null)
Footnotes (1)
  1. Represents stock equivalent units. Each stock equivalent unit is the economic equivalent of one share of common stock. Whole stock equivalent units are payable in shares of common stock following termination of the reporting person's service as a director, and fractional units are payable at such time in cash. Includes 486.951 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
Stock equivalent units granted 2,253.944 units Award on 2026-05-21
Holdings after transaction 19,339.585 units Total stock equivalent units directly held after grant
Dividend equivalent reinvestment 486.951 units Portion of units from reinvested dividend equivalents
Grant price per unit $0.00 per unit Reported transaction price for stock equivalent units
stock equivalent units financial
"Represents stock equivalent units. Each stock equivalent unit is the economic equivalent of one share of common stock."
Stock equivalent units are financial claims or instruments that are treated as if they were actual shares for purposes like calculating ownership, dilution, and earnings per share. Think of them as promises or placeholders for future slices of company pie—options, restricted units, or convertible securities—that don’t yet sit on the table but will reduce each existing slice when converted. Investors track them because they change how much of a company each share really represents and can affect valuation and voting power.
dividend equivalents financial
"Includes 486.951 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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*
Johnson Netha N.

(Last)(First)(Middle)
414 NICOLLET MALL

(Street)
MINNEAPOLIS MINNESOTA 55401

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
XCEL ENERGY INC [ XEL ]
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)
05/21/2026
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
Common Stock05/21/2026A2,253.944(1)A$019,339.585(2)D
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
Explanation of Responses:
1. Represents stock equivalent units. Each stock equivalent unit is the economic equivalent of one share of common stock. Whole stock equivalent units are payable in shares of common stock following termination of the reporting person's service as a director, and fractional units are payable at such time in cash.
2. Includes 486.951 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
Remarks:
Kristin L. Westlund, Attorney in Fact for Netha N. Johnson05/22/2026
** 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 XEL director Netha N. Johnson report on this Form 4?

Netha N. Johnson reported receiving an award of stock equivalent units linked to Xcel Energy common stock. The transaction reflects an acquisition rather than a sale, increasing the director’s direct holdings and documenting a routine change in equity-based interests.

How many Xcel Energy (XEL) stock equivalent units were granted to Netha N. Johnson?

Netha N. Johnson was granted 2,253.944 stock equivalent units in this transaction. These units are economically equal to the same number of Xcel Energy common shares and are recorded at a grant price of $0.00 per unit on the reported date.

What are stock equivalent units in the Xcel Energy (XEL) Form 4 filing?

Stock equivalent units are instruments economically equal to one share of Xcel Energy common stock. Whole units will be paid in shares after the director’s service ends, while fractional units will be settled in cash at that time, according to the filing’s footnotes.

How many Xcel Energy (XEL) units does Netha N. Johnson hold after this grant?

After the reported award, Netha N. Johnson directly holds 19,339.585 stock equivalent units. This figure reflects the cumulative position following the new grant and is based on the total shares following the transaction disclosed in the Form 4 data.

Did Netha N. Johnson buy Xcel Energy (XEL) shares on the open market?

No, the Form 4 shows a grant of stock equivalent units at a price of $0.00 per unit. The transaction code indicates a grant or award acquisition, not an open-market purchase or sale of Xcel Energy common stock.

What portion of Netha N. Johnson’s XEL grant came from dividend equivalents?

The filing states that 486.951 of the stock equivalent units were acquired via reinvested dividend equivalents. These reinvested amounts increase the director’s total stock equivalent units without separate open-market transactions in Xcel Energy common shares.