Xcel Energy (XEL) director discloses 976.462-share Form 4 acquisition

Rhea-AI Filing Summary

Xcel Energy Inc. director reports stock acquisition

A director of Xcel Energy Inc. reported acquiring 976.462 shares of common stock on 12/17/2025, recorded at a price of $0 per share. After this transaction, the director beneficially owns a total of 976.462 common shares held directly.

The holding includes 244.462 stock equivalent units, each economically equal to one share of common stock. Whole stock equivalent units are payable in shares of common stock after the director’s service ends, while fractional units are settled in cash at that time.

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^*

Hutchinson Maria Demaree

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

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	12/17/2025		A		976.462(1)	A	$0	976.462	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 244.462 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.

	Kristin L. Westlund, Attorney in Fact for Maria Demaree Hutchinson	12/17/2025
	** 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).
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FAQ

What insider transaction did Xcel Energy Inc (XEL) report in this Form 4?

A director of Xcel Energy Inc. reported an acquisition of 976.462 shares of common stock on 12/17/2025, at a reported price of $0 per share.

What is the director’s total beneficial ownership in Xcel Energy Inc (XEL) after the reported transaction?

Following the transaction, the director beneficially owns 976.462 shares of Xcel Energy common stock, held directly.

How many stock equivalent units does the Xcel Energy Inc (XEL) director hold?

The reported holdings include 244.462 stock equivalent units, each of which is the economic equivalent of one share of Xcel Energy common stock.

When are Xcel Energy Inc (XEL) stock equivalent units payable to the director?

Whole stock equivalent units are payable in shares of common stock after the director’s termination of service, and fractional units are payable in cash at that time.

Is the reporting person a director or officer of Xcel Energy Inc (XEL)?

The reporting person is identified as a Director of Xcel Energy Inc. and is not marked as a 10% owner in this filing.

Was this Xcel Energy Inc (XEL) Form 4 filed for one individual or a group?

The Form 4 was filed as a Form filed by One Reporting Person, not by a group.