Xcel Energy (XEL) EVP granted 20,700 shares with tax withholding

Rhea-AI Filing Summary

XCEL ENERGY INC executive Amanda J. Rome reported several stock-related transactions. She received a grant of 20,700 shares of common stock on a no-cost basis and settled performance share unit awards for the 2023-2025 period in stock, including shares from dividend reinvestment.

On the same date, 6,056.336 restricted stock units were converted into common stock on a one-for-one basis, while 10,787.336 shares at $83.35 per share were withheld to cover tax obligations rather than sold in the market. After these transactions, she directly owned 63,906.097 common shares.

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^*

Rome Amanda J

(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, Group President, Utilitie

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		A		20,700(1)	A	$0	68,637.097(2)	D
Common Stock	02/24/2026		M		6,056.336	A	(3)	74,693.433	D
Common Stock	02/24/2026		F		10,787.336(4)	D	$83.35	63,906.097	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
Restricted Stock Units	(3)	02/24/2026		M			6,056.336(5)	(6)	(6)	Common Stock	6,056.336	$0	0	D

Explanation of Responses:

1. Represents the settlement of performance share unit awards for the 2023-2025 performance period.

2. The amount includes 104.097 shares of stock acquired pursuant to the reinvestment of dividends since the reporting person's last report.

3. Restricted stock units are settled in common stock on a one-for-one basis.

4. Represents the withholding of shares to satisfy tax obligations upon the settlement of the 2023-2025 performance share unit awards and restricted stock unit awards. Fractional share interests were settled in cash.

5. Number of units shown reflects the reinvestment of dividend equivalents since the original grants of (a) 5,138 units on January 3, 2023 and (b) 350 units granted on October 1, 2023.

6. Award vested on December 31, 2025 but was settled in shares of common stock on February 24, 2026.

	Kristin L. Westlund, Attorney in Fact for Amanda J. Rome	02/26/2026
	** 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.

FAQ

What insider transactions did XCEL ENERGY INC (XEL) executive Amanda J. Rome report?

Amanda J. Rome reported equity compensation activity, including a grant of 20,700 common shares and the settlement of performance share unit and restricted stock unit awards, with some shares withheld to cover tax obligations rather than sold in the open market.

How many XCEL ENERGY INC (XEL) shares were granted to Amanda J. Rome?

She received a grant of 20,700 shares of XCEL ENERGY INC common stock at no cost. These shares were part of her executive compensation and increased her direct ownership before taking into account related tax-withholding share dispositions reported in the same filing.

What was the purpose of the share disposition reported for Amanda J. Rome at XCEL ENERGY INC (XEL)?

The reported disposition of 10,787.336 shares at $83.35 per share was to satisfy tax obligations triggered by the settlement of performance share unit and restricted stock unit awards, meaning the shares were withheld for taxes rather than sold as a discretionary market transaction.

What happened to Amanda J. Rome’s restricted stock units at XCEL ENERGY INC (XEL)?

A total of 6,056.336 restricted stock units were converted into common stock on a one-for-one basis. This conversion followed prior grants, with unit counts reflecting dividend-equivalent reinvestments accumulated since the original restricted stock unit awards were issued to her.

How are XCEL ENERGY INC (XEL) performance share unit awards reflected in Amanda J. Rome’s Form 4?

The filing states that part of the transactions represents settlement of performance share unit awards for the 2023-2025 period. Those awards vested on December 31, 2025 and were settled in shares of common stock on February 24, 2026, with fractional interests paid in cash.

What is Amanda J. Rome’s resulting XCEL ENERGY INC (XEL) share ownership after these transactions?

Following the reported grant, conversions, and tax-withholding disposition, Amanda J. Rome directly owned 63,906.097 shares of XCEL ENERGY INC common stock. This figure incorporates shares acquired through awards and dividend reinvestment since her last reported ownership update.