Xcel Energy (XEL) EVP Scott Sharp awarded 4,118 restricted stock units

Rhea-AI Filing Summary

Sharp Scott reported acquisition or exercise transactions in this Form 4 filing.

Xcel Energy EVP and Chief Generation Officer Scott Sharp received a grant of 4,118 restricted stock units on Xcel Energy common stock at no cost. These units vest on December 31, 2028, if he remains employed with the company, and will be settled one-for-one in common shares. After this award, he directly holds 30,274.073 common shares, and an additional 97.242 shares are held indirectly in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan as of a statement dated March 2, 2026.

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^*

Sharp Scott

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Generation Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		A		4,118(1)	A	$0	30,274.073	D
Common Stock								97.242(2)	I	401(k)

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. Represents restricted stock units that vest on December 31, 2028 if the reporting person continues to be employed by Xcel Energy as of such date. Upon vesting, the restricted stock units will be settled in shares of Xcel Energy common stock on a one-for-one basis.

2. Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated March 2, 2026.

	Kristin L. Westlund, Attorney in Fact for Scott Sharp	03/04/2026
	** 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).
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FAQ

What did Xcel Energy (XEL) executive Scott Sharp report in this Form 4?

Scott Sharp reported receiving a grant of 4,118 restricted stock units of Xcel Energy common stock at no cost. These units are part of his equity compensation and are scheduled to vest in the future, increasing his potential ownership stake.

When do Scott Sharp’s 4,118 restricted stock units in Xcel Energy (XEL) vest?

The 4,118 restricted stock units vest on December 31, 2028, if Scott Sharp continues to be employed by Xcel Energy on that date. Upon vesting, the units will be settled in an equal number of Xcel Energy common shares.

How many Xcel Energy (XEL) shares does Scott Sharp own after this Form 4 transaction?

After the reported grant, Scott Sharp directly holds 30,274.073 shares of Xcel Energy common stock. In addition, 97.242 shares are held indirectly for him in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan.

Was Scott Sharp’s Xcel Energy (XEL) stock transaction a market purchase or sale?

The filing shows a grant of 4,118 restricted stock units, classified as a grant, award, or other acquisition, with a price of $0.00 per share. This indicates equity compensation, not an open-market buy or sell transaction.

What does the 401(k) holding in Xcel Energy (XEL) stock represent for Scott Sharp?

The Form 4 notes 97.242 Xcel Energy shares held in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan. This reflects retirement plan holdings as of a plan statement dated March 2, 2026, and is reported as indirect ownership.