Xcel Energy (XEL) CFO receives 9,129 restricted stock units in grant

Rhea-AI Filing Summary

Xcel Energy EVP and Chief Financial Officer Brian J. Van Abel acquired 9,129 restricted stock units tied to common stock in a grant on March 2, 2026. These units vest on December 31, 2028 if he remains employed, then convert one-for-one into common shares.

After the award, his directly owned common stock totaled 110,697.05 shares. He also indirectly held 16.22 shares through the Xcel Energy Stock Fund in the company’s 401(k) Savings Plan as of a plan statement dated March 2, 2026.

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^*

Van Abel Brian J

(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)
	EVP, Chief Financial Officer

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		9,129(1)	A	$0	110,697.05	D
Common Stock								16.22(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 Brian J. Van Abel	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 XEL CFO Brian Van Abel report?

Brian J. Van Abel reported receiving 9,129 restricted stock units linked to Xcel Energy common stock. The units were granted on March 2, 2026 and represent a non-cash equity award, rather than an open-market purchase or sale of existing shares.

When do Brian Van Abel’s 9,129 restricted stock units in XEL vest?

The 9,129 restricted stock units vest on December 31, 2028, provided Brian J. Van Abel continues to be employed by Xcel Energy on that date. Once vested, they will be settled in Xcel Energy common stock on a one-for-one basis.

How many Xcel Energy shares does Brian Van Abel own after this Form 4?

Following the award, Brian J. Van Abel directly owned 110,697.05 Xcel Energy common shares. In addition, he indirectly held 16.22 shares through the Xcel Energy Stock Fund within the company’s 401(k) Savings Plan as of a March 2, 2026 plan statement.

Is the 9,129-share XEL award to Brian Van Abel a cash transaction?

No, the 9,129 units represent a grant of restricted stock units, not a cash purchase. They carry no purchase price and will convert into Xcel Energy common stock at vesting, assuming continued employment through December 31, 2028.

How are Brian Van Abel’s indirect XEL holdings structured?

His indirect Xcel Energy holdings consist of 16.22 common shares in the Xcel Energy Stock Fund. These are held under the Xcel Energy 401(k) Savings Plan, based on a plan statement dated March 2, 2026, rather than in a separate personal brokerage account.