Xcel Energy director granted 1,818.74 share units

Carter Peter W reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/31/2026 - 04:39 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Carter Peter W reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Peter W. Carter reported a grant or award of 1,818.74 common stock-related units on July 29, 2026. Following this award, he directly holds 1,818.74 such units, including 0.74 stock equivalent units that are economically equivalent to common shares and are settled in stock or cash after his service as a director ends.

Insider Trade Summary

Grant/Award: 1,818.74 shares

Grant/Award 1 txn

Insider Carter Peter W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,818.74	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,818.74 shares (Direct)

Holdings Before and After: Common Stock, 0 to 1,818.74 shares (Direct)

Footnotes (1)

1. F1. Includes 0.74 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.

Key Figures

Common stock-related units acquired: 1,818.74 units Direct holdings after transaction: 1,818.74 units Stock equivalent units included: 0.74 units +1 more

4 metrics

Common stock-related units acquired 1,818.74 units Grant or award reported on July 29, 2026

Direct holdings after transaction 1,818.74 units Total common stock-related units held following the award

Stock equivalent units included 0.74 units Portion of holdings in stock equivalent units economically equivalent to common stock

Reported grant price per unit $0.00 Price per share field for the compensation award

Key Terms

stock equivalent units, economic equivalent, fractional units

3 terms

stock equivalent units financial

"Includes 0.74 stock equivalent units. Each stock equivalent unit is the econ"

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.

economic equivalent financial

"Each stock equivalent unit is the economic equivalent of one share of common"

fractional units financial

"Whole stock equivalent units are payable in shares and fractional units in cash."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Xcel Energy (XEL) director Peter W. Carter report?

Peter W. Carter reported a grant or award of 1,818.74 common stock-related units of Xcel Energy on July 29, 2026. The award was reported as a compensation-related acquisition rather than a market purchase or sale.

How many Xcel Energy (XEL) units does Peter W. Carter own after this Form 4?

After the reported award, Peter W. Carter directly holds 1,818.74 common stock-related units tied to Xcel Energy. This total includes both actual common stock and stock equivalent units reported as economically equivalent to common shares.

What are stock equivalent units in Xcel Energy (XEL) director compensation?

The filing states that stock equivalent units are economically equivalent to one share of common stock. Whole units are payable in common shares after the director’s service ends, while fractional units are paid in cash at that time.

How many stock equivalent units are included in Peter W. Carter’s XEL holdings?

Peter W. Carter’s reported holdings include 0.74 stock equivalent units. These units track the economic value of Xcel Energy common stock and are settled in shares or cash once his service as a director concludes.

Was the XEL Form 4 transaction a purchase or a sale on the market?

The transaction is classified as a grant or award acquisition, not a market purchase or sale. It reflects compensation-related issuance of common stock-related units to director Peter W. Carter, with no sale of Xcel Energy shares reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Carter Peter W

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/29/2026		A		1,818.74(1)	A	$0	1,818.74	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 0.74 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.

Remarks:

	Kristin L. Westlund, Attorney in Fact for Peter W. Carter	07/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)