Xcel Energy CEO gifts 142,288 shares to revocable trust

The trust gift leaves Robert Frenzel as trustee and sole beneficiary, while he remains the beneficial owner of the 142,288 shares held there.

Available on EDGAR 11/05/2026 - 04:02 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Xcel Energy (XEL) Chairman, President and CEO Robert Frenzel reported gifts of 1,350 shares to a donor-advised fund and 142,288 shares to the Robert C. Frenzel Jr. Revocable Trust on November 4, 2026. The trust held 142,288 shares after the transfer; Frenzel is its trustee and sole beneficiary and remains the beneficial owner of the trust-held shares.

Insider Trade Summary

285,926 shares gifted

Gift 3 txns

Insider Frenzel Robert

Role Chairman, President and CEO

Type	Security	Shares	Price	Value
Gift	Common Stock F1	1,350	$0.00	$0.00
Gift	Common Stock F2	142,288	$0.00	$0.00
Gift	Common Stock F2	142,288	$0.00	$0.00

Holdings After Transaction: Common Stock — 368,959.261 shares (Direct); Common Stock — 142,288 shares (Indirect, By Robert C. Frenzel Jr. Revocable Trust)

Holdings Before and After: Common Stock, 512,597.261 to 368,959.261 shares (Direct); Common Stock, 0 to 142,288 shares (Indirect, By Robert C. Frenzel Jr. Revocable Trust)

Footnotes (2)

1. F1. The reporting person transferred 1,350 shares of common stock to a donor-advised fund sponsored by a bona fide charitable organization under Section 501(c)(3) of the Internal Revenue Code.
2. F2. The reporting person gifted 142,288 shares of common stock to the Robert C. Frenzel Jr. Revocable Trust for no consideration. The reporting person is trustee and sole beneficiary of the trust and remains the beneficial owner of the securities held by the trust.

Key Figures

Shares gifted to donor-advised fund: 1,350 shares Shares gifted to revocable trust: 142,288 shares Shares held by trust after transfer: 142,288 shares

3 metrics

Shares gifted to donor-advised fund 1,350 shares November 4, 2026

Shares gifted to revocable trust 142,288 shares November 4, 2026

Shares held by trust after transfer 142,288 shares Following the November 4, 2026 transfer

Key Terms

donor-advised fund, Revocable Trust, beneficial owner, Section 501(c)(3)

4 terms

donor-advised fund financial

"to a donor-advised fund sponsored by a bona fide charitable organization"

A donor-advised fund is a charitable giving account that lets an individual or family deposit cash, stock, or other assets now, get an immediate tax benefit, and then recommend grants to charities over time. Think of it like a private charitable bucket you control without running a charity yourself; investors care because it’s a tax-efficient way to give appreciated securities, can change when and how donated shares enter the market, and affects personal and corporate tax planning.

Revocable Trust financial

"gifted 142,288 shares of common stock to the Robert C. Frenzel Jr. Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

beneficial owner regulatory

"remains the beneficial owner of the securities held by the trust"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Section 501(c)(3) regulatory

"a bona fide charitable organization under Section 501(c)(3)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many XEL shares did Robert Frenzel gift?

Robert Frenzel reported gifting 1,350 shares to a donor-advised fund and 142,288 shares to the Robert C. Frenzel Jr. Revocable Trust on November 4, 2026. He remains the beneficial owner of the shares held by the trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Frenzel Robert

(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
X	Officer (give title below)		Other (specify below)
	Chairman, President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/04/2026		G		1,350	D	$0	511,247.261(1)	D
Common Stock	11/04/2026		G		142,288	D	$0	368,959.261	D(2)
Common Stock	11/04/2026		G		142,288	A	$0	142,288	I(2)	By Robert C. Frenzel Jr. Revocable Trust

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. The reporting person transferred 1,350 shares of common stock to a donor-advised fund sponsored by a bona fide charitable organization under Section 501(c)(3) of the Internal Revenue Code.

2. The reporting person gifted 142,288 shares of common stock to the Robert C. Frenzel Jr. Revocable Trust for no consideration. The reporting person is trustee and sole beneficiary of the trust and remains the beneficial owner of the securities held by the trust.

Remarks:

	Kristin L. Westlund, Attorney in Fact for Robert Frenzel	11/05/2026
	** 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)