STOCK TITAN

Xcel Energy (XEL) director gains additional stock award holding

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

Rhea-AI Filing Summary

XCEL ENERGY INC director Maria Demaree Hutchinson reported a stock award that increased her direct holdings. She acquired 2,253.944 shares of common stock at no cost as a grant or award, bringing her direct position to 3,234.051 shares. This total includes 563.944 stock equivalent units, which are economically equal to common shares and are generally settled in stock after her board service ends, with fractional units paid in cash. The holdings also include 3.645 additional stock equivalent units that came from reinvested dividend equivalents.

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Insider Hutchinson Maria Demaree
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,253.944 $0.00 --
Holdings After Transaction: Common Stock — 3,234.051 shares (Direct, null)
Footnotes (1)
  1. Includes 563.944 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 3.645 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
Shares granted 2,253.944 shares Common stock award on 2026-05-21
Total shares after transaction 3,234.051 shares Director’s direct holdings after award
Stock equivalent units held 563.944 units Economically equal to common shares, payable after service ends
Units from dividend equivalents 3.645 units Stock equivalent units from reinvested dividend equivalents
Award price per share $0.0000 per share Compensation-related grant, not market purchase
stock equivalent units financial
"Includes 563.944 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 3.645 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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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.
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*
Hutchinson Maria Demaree

(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$03,234.051(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. Includes 563.944 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 3.645 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
Remarks:
Kristin L. Westlund, Attorney in Fact for Maria Demaree Hutchinson05/22/2026
** 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 XCEL ENERGY INC (XEL) director Maria Demaree Hutchinson report on this Form 4?

She reported a grant of 2,253.944 shares of XCEL ENERGY INC common stock. This was a compensation-related stock award, not an open-market purchase or sale, and it increased her direct holdings reported in this filing.

How many XCEL ENERGY INC shares does Maria Demaree Hutchinson hold after this transaction?

After the award, she holds 3,234.051 shares of XCEL ENERGY INC common stock directly. This total includes stock equivalent units that are economically equal to common shares and are generally settled when her director service ends.

Was the XCEL ENERGY INC Form 4 transaction a market buy or sell of XEL stock?

No, the Form 4 shows a grant or award acquisition coded as “A.” The 2,253.944 shares were awarded as compensation, with a reported price of 0.0000 per share, rather than being bought or sold on the open market.

What are stock equivalent units mentioned in the XCEL ENERGY INC (XEL) Form 4?

Stock equivalent units are instruments economically equal to one share of XCEL ENERGY INC common stock. Whole units are payable in shares after the director’s service ends, while fractional units are paid in cash at that time.

How many stock equivalent units does Maria Demaree Hutchinson have in XCEL ENERGY INC?

Her reported holdings include 563.944 stock equivalent units tied to XCEL ENERGY INC common stock. These units mirror the value of common shares and are generally settled in stock or cash after her board service concludes.

What is the significance of dividend equivalents in this XCEL ENERGY INC Form 4?

The filing notes that 3.645 stock equivalent units were acquired through reinvested dividend equivalents. This means cash dividends attributable to existing units were reinvested into additional stock equivalent units rather than paid out in cash.