Xcel Energy (XEL) director receives 608-unit stock retainer award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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 an equity retainer grant of 607.783 stock equivalent units tied to common stock. These units are payable in whole shares after her board service ends, with any fractional units settled in cash.

According to the filing, 506.486 of these units were granted at a price of $82.23 per unit in lieu of her quarterly cash retainer, and 101.297 units were granted at no cost as a 20% premium on that retainer amount. Following this award, she holds 25,158.421 shares directly, reflecting routine, compensation-related equity rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KAMPLING PATRICIA L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	607.783	$0.00	--

Holdings After Transaction: Common Stock — 25,158.421 shares (Direct, null)

Footnotes (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 607.783 stock equivalent units, 506.486 were granted at a price of $82.23 per unit in lieu of the reporting person's quarterly cash retainer, and 101.297 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer.

Key Figures

Stock equivalent units granted: 607.783 units Units in lieu of cash retainer: 506.486 units at $82.23 Premium units: 101.297 units +1 more

4 metrics

Stock equivalent units granted 607.783 units Director equity retainer grant on 2026-06-28

Units in lieu of cash retainer 506.486 units at $82.23 Quarterly cash retainer taken in stock

Premium units 101.297 units 20% premium on cash retainer, granted at no cost

Shares held after transaction 25,158.421 shares Direct ownership following grant

Key Terms

stock equivalent units, quarterly cash retainer, 20% premium, grant, award, or other acquisition

4 terms

stock equivalent units financial

"Retainer granted in the form of stock equivalent units payable in whole shares"

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

"granted at no cost to the reporting person as a 20% premium on the amount of such retainer"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 04:13 PM Accepted by SEC EDGAR 06/30/2026 - 04:13 PM

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^*

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)

X	Director	10% 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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/28/2026		A		607.783⁽¹⁾	A	$0⁽²⁾	25,158.421	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 607.783 stock equivalent units, 506.486 were granted at a price of $82.23 per unit in lieu of the reporting person's quarterly cash retainer, and 101.297 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 Patricia L. Kampling	06/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did XEL director Patricia Kampling report in this Form 4?

Patricia Kampling reported receiving 607.783 stock equivalent units as part of her director compensation. These units convert into whole shares of Xcel Energy common stock after her board service ends, with any fractional units paid in cash at that time.

How is Patricia Kampling’s XEL board retainer structured in this filing?

Her quarterly board retainer was partly taken in equity. The filing shows 506.486 stock equivalent units granted at $82.23 per unit instead of cash, plus 101.297 additional units granted at no cost as a 20% premium on that retainer amount.

Did Patricia Kampling buy or sell Xcel Energy (XEL) stock on the market?

No, the Form 4 shows a grant of stock equivalent units as compensation, not an open-market trade. The transaction code “A” and footnotes describe a director retainer award, with no indicated market purchase or sale of common shares.

When will the granted XEL stock equivalent units be paid to Patricia Kampling?

The stock equivalent units are payable in whole shares of Xcel Energy common stock following the end of her service as a director. Any fractional stock equivalent units will be settled in cash at that time instead of being delivered as partial shares.

How many Xcel Energy shares does Patricia Kampling hold after this grant?

After the reported compensation grant, Patricia Kampling holds 25,158.421 shares of Xcel Energy common stock directly. This figure reflects her position following the award of 607.783 stock equivalent units described in the Form 4 insider transaction disclosure.

What portion of the XEL stock units was a premium on Patricia Kampling’s retainer?

Out of the 607.783 stock equivalent units, 101.297 units were granted at no cost as a 20% premium on her quarterly cash retainer. The remaining 506.486 units correspond to the base retainer amount taken in stock instead of cash.