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[Form 4] XCEL ENERGY INC Insider Trading Activity

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

Rhea-AI Filing Summary

Welsh Timothy A reported acquisition or exercise transactions in this Form 4 filing.

Xcel Energy director Timothy A. Welsh received a stock-based board retainer. He was granted 468.065 stock equivalent units tied to common stock, awarded as compensation rather than an open-market purchase. Of these, 390.054 units were granted at $82.23 per unit in lieu of his quarterly cash retainer, and 78.011 units were granted at no cost as a 20% premium on that retainer. Following this award, his direct holdings increased to 17,486.534 shares-equivalent of common stock.

Positive

  • None.

Negative

  • None.
Insider Welsh Timothy A
Role null
Type Security Shares Price Value
Grant/Award Common Stock 468.065 $0.00 --
Holdings After Transaction: Common Stock — 17,486.534 shares (Direct, null)
Footnotes (1)
  1. Retainer granted in the form of stock equivalent units payable in whole shares of common stock following termination of the reporting person's service as director and fractional units are payable at such time in cash. Of the 468.065 stock equivalent units, 390.054 were granted at a price of $82.23 per unit in lieu of the reporting person's quarterly cash retainer, and 78.011 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer.
Stock equivalent units granted 468.065 units Director retainer grant on 2026-06-28
Units in lieu of cash retainer 390.054 units at $82.23 Quarterly cash retainer converted to equity
Premium units at no cost 78.011 units 20% premium on quarterly retainer
Holdings after transaction 17,486.534 shares Direct common stock-equivalent holdings post-award
Transaction price per share (grant) $0.00 Award treated as compensation, not purchase
stock equivalent units financial
"Retainer granted in the form of stock equivalent units payable in whole shares 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.
quarterly cash retainer financial
"granted at a price of $82.23 per unit in lieu of the reporting person's quarterly cash retainer"
20% premium financial
"78.011 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer"
common stock financial
"payable in whole shares of common stock following termination of the reporting person's service as director"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
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*
Welsh Timothy A
(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)
06/28/2026		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 Stock06/28/2026A468.065(1)A$0(2)17,486.534D
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. Retainer granted in the form of stock equivalent units payable in whole shares of common stock following termination of the reporting person's service as director and fractional units are payable at such time in cash.
2. Of the 468.065 stock equivalent units, 390.054 were granted at a price of $82.23 per unit in lieu of the reporting person's quarterly cash retainer, and 78.011 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer.
Remarks:
Kristin L. Westlund, Attorney in Fact for Timothy A. Welsh06/30/2026
** 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)

Source: View Original Filing on SEC EDGAR