STOCK TITAN

XCEL ENERGY INC (XEL) director granted 2,253-share equivalent stock award

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

Rhea-AI Filing Summary

KAMPLING PATRICIA L reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Patricia L. Kampling received a compensatory stock award of 2,253.944 common shares-equivalent. The award was reported at a price of $0.00 per share, indicating it was a grant rather than an open-market purchase. After this award, she directly holds 24,550.638 common shares-equivalent, including stock equivalent units that mirror the value of common stock. A portion of these stock equivalent units was accumulated through the reinvestment of dividend equivalents, and whole units are payable in common shares after she leaves the board.

Positive

  • None.

Negative

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Insider KAMPLING PATRICIA L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,253.944 $0.00 --
Holdings After Transaction: Common Stock — 24,550.638 shares (Direct, null)
Footnotes (1)
  1. Includes 0.944 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 71.567 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
Stock award 2,253.944 shares Grant of common stock-equivalent on 2026-05-21
Price per share $0.00 per share Indicates compensatory grant, not market purchase
Holdings after transaction 24,550.638 shares-equivalent Total direct common stock-equivalent holdings after grant
Stock equivalent units (fractional) 0.944 units Included in total; economically equal to common stock
Dividend reinvestment units 71.567 units Stock equivalent units from reinvested dividend equivalents
stock equivalent units financial
"Includes 0.944 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 71.567 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*
KAMPLING PATRICIA L

(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$024,550.638(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 0.944 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 71.567 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.
Remarks:
Kristin L. Westlund, Attorney in Fact for Patricia L. Kampling05/22/2026
** 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 director Patricia Kampling report on this Form 4 for XEL?

Director Patricia L. Kampling reported receiving a grant of 2,253.944 common stock shares-equivalent in XCEL ENERGY INC. This was a compensatory award at no cash cost, increasing her direct holdings to 24,550.638 common shares-equivalent, including stock equivalent units tied to common stock value.

Was Patricia Kampling buying or selling XEL shares in this Form 4 filing?

The filing shows an acquisition through a grant, not a market trade. Transaction code "A" and a $0.00 per-share price indicate a stock award, so there were no open-market purchases or sales of XCEL ENERGY INC common stock in this report.

How many XCEL ENERGY INC shares does Patricia Kampling hold after this transaction?

After the reported grant, Patricia L. Kampling directly holds 24,550.638 common shares-equivalent of XCEL ENERGY INC. This total includes both regular common shares and stock equivalent units that track the value of one share of common stock each, as described in the footnotes.

What are stock equivalent units mentioned in Patricia Kampling’s XEL Form 4?

Stock equivalent units are instruments economically equal to one XCEL ENERGY INC common share. Whole units are payable in common stock after a director’s service ends, while fractional units are paid in cash. They mirror share value but are generally settled later, not immediately tradable like regular shares.

How many stock equivalent units are included in Patricia Kampling’s XEL holdings?

Her reported total includes 0.944 stock equivalent units and 71.567 additional units from dividend-equivalent reinvestment. These stock equivalent units are economically equivalent to common shares of XCEL ENERGY INC and are settled in stock or cash, typically after her board service concludes.

Does this XCEL ENERGY INC Form 4 indicate a significant insider signal for XEL stock?

The Form 4 reflects a routine director compensation grant rather than a discretionary market trade. It shows an increase in Patricia Kampling’s holdings through a non-cash award, which is generally viewed as standard board compensation rather than a directional bet on XEL’s share price.