Xcel Energy (XEL) SVP Melissa Ostrom receives 1,450-share RSU award

Rhea-AI Filing Summary

Xcel Energy Inc. senior vice president and controller Melissa Ostrom acquired an award of 1,450 restricted stock units of common stock on March 2, 2026. These units will vest on December 31, 2028 if she is still employed by Xcel Energy, and will then convert into shares on a one-for-one basis. The filing also reports 403.981 shares held indirectly in the Xcel Energy Stock Fund through the company’s 401(k) savings plan as of a March 2, 2026 plan statement.

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

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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^*

Ostrom Melissa

(Last) (First) (Middle)

414 NICOLLET MALL

(Street)

MINNEAPOLIS MN 55401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
XCEL ENERGY INC [ XEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Stock	03/02/2026		A		1,450(1)	A	$0	12,330.138	D
Common Stock								403.981(2)	I	401(k)

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

Explanation of Responses:

1. Represents restricted stock units that vest on December 31, 2028 if the reporting person continues to be employed by Xcel Energy as of such date. Upon vesting, the restricted stock units will be settled in shares of Xcel Energy common stock on a one-for-one basis.

2. Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated March 2, 2026.

	Kristin L. Westlund, Attorney in Fact for Melissa Ostrom	03/04/2026
	** 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.

FAQ

What insider transaction did Xcel Energy (XEL) report for Melissa Ostrom?

Xcel Energy reported that SVP and controller Melissa Ostrom received an award of 1,450 restricted stock units of common stock on March 2, 2026. These units are part of her equity compensation and do not involve an open-market stock purchase.

When do Melissa Ostrom’s 1,450 Xcel Energy restricted stock units vest?

The 1,450 restricted stock units granted to Melissa Ostrom vest on December 31, 2028, provided she continues to be employed by Xcel Energy on that date. After vesting, each unit will be settled in one share of Xcel Energy common stock.

Does the Form 4 show Melissa Ostrom buying or selling Xcel Energy (XEL) stock on the market?

The Form 4 shows a grant of 1,450 restricted stock units, not an open-market buy or sell. The units were awarded at a reported price of $0.00 per share, typical for equity compensation awards rather than cash purchases.

How many Xcel Energy shares does Melissa Ostrom hold after this award?

After the award, Melissa Ostrom directly holds 12,330.138 shares of Xcel Energy common stock. The filing also lists 403.981 shares held indirectly in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan as of March 2, 2026.

What does the Xcel Energy 401(k) holding disclosure mean in this Form 4?

The Form 4 notes that 403.981 shares are held in the Xcel Energy Stock Fund within the Xcel Energy 401(k) Savings Plan, based on a plan statement dated March 2, 2026. This reflects indirect ownership through the retirement plan, not a separate market trade.

What type of transaction code is used for Melissa Ostrom’s Xcel Energy award?

The transaction uses code A, which indicates a grant, award, or other acquisition of securities. In this case, it represents 1,450 restricted stock units of Xcel Energy common stock granted as part of compensation, rather than a purchase or sale on the open market.