Xcel Energy Insider Filing: 1,000-Share Gift by Director Casey

Rhea-AI Filing Summary

Form 4 filing overview: Director Lynn Casey reported a Code G gift of 1,000 shares of Xcel Energy Inc. (XEL) common stock on 06/18/2025. The transfer carried no monetary consideration, as reflected by the $0 price field. After the transaction, Casey retains 37,555.985 directly held shares. A footnote clarifies that 6.872 stock-equivalent units were previously overstated due to an administrative error and are now excluded from the reported total.

The filing was signed by attorney-in-fact Kristin Westlund on 06/23/2025. No derivative security activity, option exercises, or sales for cash were disclosed. The transaction does not alter Casey’s board role, and no other officers or insiders are involved. Given Xcel Energy’s multibillion-dollar market capitalization, the gifted amount represents an immaterial fraction of outstanding shares and is unlikely to affect the company’s share-price dynamics.

Insights

Securities Analyst

TL;DR: Small director gift; negligible market impact.

Code G designates an inter vivos gift, not a sale. Although any insider disposition warrants monitoring, 1,000 shares against a remaining 37.6 k holding—and XEL’s large float—renders the move immaterial. No valuation signal or liquidity effect is implied. Administrative adjustment of 6.872 phantom units is routine housekeeping. I classify the filing as neutral to investors.

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

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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^*

Casey Lynn

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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	06/18/2025		G		1,000	D	$0	37,555.985(1)	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

Explanation of Responses:

1. Excludes 6.872 stock equivalent units that were inadvertently reported on the reporting person's prior filings due to an administrative error.

	Kristin Westlund, Attorney in Fact for Lynn Casey	06/23/2025
	** 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).
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FAQ

How many XEL shares did Director Lynn Casey transfer?

The Form 4 shows a gift of 1,000 common shares on 06/18/2025.

What is the remaining share ownership of Lynn Casey after the transaction?

Following the gift, Casey directly holds 37,555.985 XEL shares.

Was cash involved in the reported insider transaction for XEL?

No. The transaction code is G (gift), with a stated price of $0.

Does the filing report any derivative security activity?

No derivative securities were acquired, exercised, or disposed in this filing.

Why were 6.872 stock equivalent units excluded from Casey’s total?

A footnote states they were inadvertently reported earlier due to an administrative error and are now removed.