Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 Form 4 Filings

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.

XCEL ENERGY INC director Lynn Casey reported an acquisition of 492.521 stock equivalent units of common stock on June 28, 2026. This was a compensation-related grant, not an open‑market purchase.

According to the filing, 410.434 units were granted at $83.23 per unit in lieu of the quarterly cash retainer, and 82.087 additional units were granted at no cost as a 20% premium on that retainer. Following this award, Casey directly holds 43,615.811 shares and units in total.

Welsh Timothy A reported acquisition or exercise transactions in this Form 4 filing.

Xcel Energy director Timothy A. Welsh received a stock-based board retainer. He was granted 468.065 stock equivalent units tied to common stock, awarded as compensation rather than an open-market purchase. Of these, 390.054 units were granted at $82.23 per unit in lieu of his quarterly cash retainer, and 78.011 units were granted at no cost as a 20% premium on that retainer. Following this award, his direct holdings increased to 17,486.534 shares-equivalent of common stock.

Xcel Energy Inc. director Charles G. Pardee reported an equity-based retainer grant. He acquired 541.031 stock equivalent units of common stock on June 28, 2026, a non-cash award recorded at a zero transaction price per unit in the filing.

According to the footnotes, 450.859 of these units were granted at $82.23 per unit in lieu of his quarterly cash retainer, while 90.172 units were granted at no cost as a 20% premium on that retainer amount. These stock equivalent units are payable in whole shares of common stock after his service as director ends, with any fractional units settled in cash. Following this award, Pardee directly holds 33,852.150 shares or equivalent units of Xcel Energy common stock.

XCEL ENERGY INC director Megan D. Burkhart reported a non-cash equity grant tied to her board service. She acquired 583.728 stock equivalent units of common stock as part of her director retainer. These units will be paid in whole shares, with any fractional units settled in cash after her board service ends.

According to the footnotes, 486.44 units were granted at $82.23 per unit in lieu of her quarterly cash retainer, and 97.288 units were granted at no cost as a 20% premium on that retainer amount. Following this grant, Burkhart holds 23,840.616 common shares or equivalents directly, indicating a routine compensation-related award rather than an open-market purchase or sale.

Welsh Timothy A reported acquisition or exercise transactions in this Form 4 filing.

Xcel Energy Inc. director Timothy A. Welsh received a grant of 2,253.944 stock equivalent units of common stock. These units are economically equivalent to shares and are generally settled in common stock after his board service ends, with fractional units paid in cash. The grant includes 104.31 units from reinvested dividend equivalents, bringing his directly held stock equivalent units to 17,018.469 following the award.

KAMPLING PATRICIA L reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Patricia L. Kampling received a compensatory stock award of 2,253.944 common shares-equivalent. The award was reported at a price of $0.00 per share, indicating it was a grant rather than an open-market purchase. After this award, she directly holds 24,550.638 common shares-equivalent, including stock equivalent units that mirror the value of common stock. A portion of these stock equivalent units was accumulated through the reinvestment of dividend equivalents, and whole units are payable in common shares after she leaves the board.

XCEL ENERGY INC director Lynn Casey reported a grant of 2,253.944 stock equivalent units of Common Stock. The award was recorded at a price of $0.0000 per unit, reflecting a compensation-related grant rather than an open-market purchase or sale.

Each stock equivalent unit is the economic equivalent of one share of common stock and is payable in shares after the director’s service ends, with fractional units paid in cash. The reported amount includes 1.06 stock equivalent units and 292.329 shares acquired through reinvested dividend equivalents. Following this grant, Casey directly holds 43,123.290 shares or equivalent units.

Johnson Netha N. reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Netha N. Johnson received an award of 2,253.944 stock equivalent units tied to common stock. The grant was recorded at $0.00 per unit and brings the director’s direct holdings to 19,339.585 stock equivalent units.

According to the footnotes, each stock equivalent unit is economically equal to one share of common stock and will be settled after the director’s service ends, in shares for whole units and cash for fractional units. The grant includes 486.951 units accumulated through the reinvestment of dividend equivalents.

XCEL ENERGY INC director Maria Demaree Hutchinson reported a stock award that increased her direct holdings. She acquired 2,253.944 shares of common stock at no cost as a grant or award, bringing her direct position to 3,234.051 shares. This total includes 563.944 stock equivalent units, which are economically equal to common shares and are generally settled in stock after her board service ends, with fractional units paid in cash. The holdings also include 3.645 additional stock equivalent units that came from reinvested dividend equivalents.

XCEL ENERGY INC director Devin W. Stockfish received an equity award in the form of stock equivalent units. On 2026-05-21, he was granted 2,253.944 stock equivalent units, bringing his direct holdings to 7,798.052 stock equivalent units.

Each stock equivalent unit is the economic equivalent of one share of common stock and will be settled in common shares (with fractional units in cash) after his service as a director ends. The holdings include 99.248 stock equivalent units acquired through the reinvestment of dividend equivalents, making this a non-cash, compensation-related increase rather than an open-market purchase.

Xcel Energy director Charles G. Pardee received an equity award of 2,253.944 shares of common stock on May 21, 2026 at no cost, classified as a grant or award acquisition. Following this transaction, he directly owns 33,311.119 shares, including 0.944 stock equivalent units payable after his board service and 116.383 units acquired through reinvested dividend equivalents. This is a compensation-related award, not an open-market purchase or sale.

XCEL ENERGY INC director Megan D. Burkhart received a grant of stock equivalent units. On this Form 4, she was awarded 2,253.944 stock equivalent units of common stock at no cost, bringing her direct holdings to 23,256.888 stock equivalent units.

The units are economically equivalent to common shares and will generally be settled in common stock after her service as a director ends, with any fractional units paid in cash. The new total includes 148.616 stock equivalent units that were acquired through reinvested dividend equivalents.

XCEL ENERGY INC director George J. Kehl received a grant of 2,253.944 stock equivalent units of common stock. These units are the economic equivalent of common shares and will be paid in stock after his service as a director ends, with fractional units settled in cash. Following this award, he holds a total of 19,424.647 shares and stock equivalent units directly. The filing notes that the grant includes 18.045 stock equivalent units and 486.952 shares acquired through the reinvestment of dividend equivalents.

XCEL ENERGY INC director Timothy A. Welsh received a compensation-related stock award. He acquired 480.215 stock equivalent units tied to common stock as part of his director retainer. Of these, 400.179 units were granted at a price of $78.09 per unit instead of his quarterly cash retainer, and 80.036 units were granted at no cost as a 20% premium on that retainer amount.

The stock equivalent units will be paid in whole shares of common stock, with any fractional units settled in cash, after Welsh’s service as a director ends. Following this award, his directly held common stock and stock equivalent units total 14,660.215 shares and units, indicating this is a routine compensation grant rather than an open-market purchase.

XCEL ENERGY INC director Charles G. Pardee received an equity-based grant tied to board compensation. He acquired 580.527 stock equivalent units of common stock as part of his director retainer, bringing his directly owned common stock and units to 30,940.792 shares-equivalent.

According to the disclosure, 483.772 of these stock equivalent units were granted at a price of $78.09 per unit in lieu of his quarterly cash retainer, while 96.775 units were granted at no cost as a 20% premium on that retainer amount. The units are payable in whole shares of common stock after he leaves the board, and any fractional units will be settled in cash. The position also includes 118.552 stock equivalent units previously acquired through the reinvestment of dividend equivalents, showing that a portion of his stake grows automatically as dividends are paid.

KAMPLING PATRICIA L reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Patricia L. Kampling received an equity retainer of 614.675 stock equivalent units of common stock. These units are payable in whole shares of common stock after her board service ends, with any fractional units settled in cash.

Of the 614.675 units, 512.229 were granted at $78.09 per unit in lieu of her quarterly cash retainer, and 102.446 were granted at no cost as a 20% premium on that retainer. Following this award, she holds a total of 22,225.127 shares and stock equivalent units directly, including 72.949 units accumulated from reinvested dividend equivalents.

Casey Lynn reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC director Lynn Casey received an equity-based compensation award. On this Form 4, Casey was granted 518.632 stock equivalent units tied to common stock, bringing direct holdings to 40,575.957 shares and units.

The award is a retainer granted in stock equivalent units that will be paid in whole shares of common stock after Casey’s board service ends, with any fractional units paid in cash. Of the 518.632 units, 432.193 were granted at $78.09 per unit in place of a quarterly cash retainer, and 86.439 were granted at no cost as a 20% premium on that retainer amount.

Xcel Energy executive Amanda J. Rome reported a small inheritance-related change in her shareholdings. On the reported date, an estate or will transfer involving 6 shares of common stock was recorded under a non-market code. After this adjustment, she directly holds 55,819.097 Xcel Energy common shares.

Xcel Energy Inc. senior vice president and controller Melissa Ostrom acquired an award of 1,450 restricted stock units of common stock on March 2, 2026. These units will vest on December 31, 2028 if she is still employed by Xcel Energy, and will then convert into shares on a one-for-one basis. The filing also reports 403.981 shares held indirectly in the Xcel Energy Stock Fund through the company’s 401(k) savings plan as of a March 2, 2026 plan statement.

Correa Patricia reported acquisition or exercise transactions in this Form 4 filing.

XCEL ENERGY INC senior vice president Patricia Correa reported an equity award of 4,207 restricted stock units on common stock. The units vest on December 31, 2028 if she remains employed with Xcel Energy through that date and will settle one-for-one in common shares. Following this grant, her directly held and awarded common stock position totals 25,081.373 shares.

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.

Xcel Energy executive vice president and chief delivery officer Michael G. Lamb reported an equity award of 4,655 restricted stock units of common stock on March 2, 2026. These units vest on December 31, 2028 if he remains employed, and will then convert into an equal number of Xcel Energy common shares.

After this grant, Lamb directly holds 16,654.12 shares of common stock. Indirect holdings include 23,808.444 shares in the Michael G. Lamb Family Trust and 2,023.793 shares in the Xcel Energy Stock Fund within the company 401(k) Savings Plan as of a statement dated March 2, 2026.

Xcel Energy EVP Ryan J. Long reported mixed insider activity in company stock. He completed an open-market sale of 800 shares of common stock at a weighted average price of $82.91 per share, with sale prices ranging from $82.87 to $82.94.

Long also received a grant of 5,370 restricted stock units that will vest on December 31, 2028, if he remains employed by Xcel Energy, and will settle into common shares on a one-for-one basis. Following these transactions, he directly owned 19,760.894 shares, and an additional 1,919.907 shares were held indirectly in the Xcel Energy Stock Fund under the company 401(k) Savings Plan as of a plan statement dated March 2, 2026.

Xcel Energy EVP Amanda J. Rome reported mixed share activity. She completed an open-market sale of 15,969 shares of common stock at a weighted average price of $83.61 per share, with individual trades ranging from $83.50 to $83.82. After this sale, she directly held 47,937.097 shares.

Rome also acquired 7,876 restricted stock units at no cost as a grant. These RSUs are scheduled to vest on December 31, 2028, contingent on her continued employment with Xcel Energy, and will be settled one-for-one in shares of Xcel Energy common stock, bringing her direct holdings to 55,813.097 shares.

Xcel Energy EVP and Chief Financial Officer Brian J. Van Abel acquired 9,129 restricted stock units tied to common stock in a grant on March 2, 2026. These units vest on December 31, 2028 if he remains employed, then convert one-for-one into common shares.

After the award, his directly owned common stock totaled 110,697.05 shares. He also indirectly held 16.22 shares through the Xcel Energy Stock Fund in the company’s 401(k) Savings Plan as of a plan statement dated March 2, 2026.

Xcel Energy Inc. reported that Chairman, President and CEO Robert Frenzel acquired 42,065 shares of common stock through a grant of restricted stock units at a price of $0.00 per share. These restricted stock units vest on December 31, 2028, contingent on his continued employment, and will settle one-for-one in Xcel Energy common stock.

Following this grant, Frenzel directly owns a total of 512,597.261 shares of Xcel Energy common stock.

Xcel Energy senior vice president and controller Melissa Ostrom reported equity compensation activity involving performance and restricted stock units. On February 24, 2026, 1,104.14 restricted stock units were exercised and settled into common shares on a one-for-one basis, tied to 2023–2025 performance share awards.

She also acquired a grant or award of 3,775 common shares, bringing her directly held common stock to 10,880.138 shares after the transactions. In connection with these settlements, 1,546.14 shares of common stock were withheld at $83.35 per share to cover tax obligations, with fractional interests paid in cash.

Separately, she indirectly holds 403.959 shares of Xcel Energy common stock in the company’s 401(k) Savings Plan, based on a plan statement dated February 20, 2026. Some balances reflect additional units and shares accumulated through reinvested dividends and dividend equivalents since the original grants.

Xcel Energy SVP Patricia Correa reported equity award activity involving performance share units and restricted stock units that were settled in common stock on February 24, 2026. She acquired 3,235.053 restricted stock units through a derivative exercise and 11,053 shares of common stock as a grant or award, both at a stated price of $0.0000 per share. An additional 3,235.053 shares of common stock were acquired upon conversion of derivative awards, and 4,921.053 shares of common stock were withheld at $83.35 per share to cover tax obligations. The filing notes these transactions relate to performance share unit awards for the 2023–2025 performance period, which vested on December 31, 2025 and were settled in stock on February 24, 2026, and that dividend reinvestment increased both units and share counts. Following these transactions, Correa directly owned 20,874.373 shares of Xcel Energy common stock.

XCEL ENERGY INC executive Scott Sharp reported equity compensation activity, not open‑market trading. On February 24, 2026, he acquired 4,081 shares of common stock through a grant or award and 1,065.507 shares through the settlement of performance share unit and restricted stock unit awards, which convert to common stock on a one-for-one basis.

To cover tax obligations on these settlements, 1,619.507 shares of common stock were withheld at a price of $83.35 per share. After these transactions, Sharp directly held 26,156.073 shares of common stock and indirectly held 97.236 shares in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan as of a plan statement dated February 20, 2026.

XCEL ENERGY INC executive Michael G. Lamb reported equity award activity and related tax withholding. On February 24, 2026, 2,887.776 restricted stock units were exercised into common stock and 3,615 shares of common stock were granted at no cost, reflecting settlement of performance share unit and restricted stock unit awards for the 2023–2025 period.

To cover tax obligations on these settlements, 1,977.776 common shares were withheld at $83.35 per share. After these transactions, Lamb held 11,999.120 shares of common stock directly, plus indirect holdings of 2,023.683 shares in the Xcel Energy 401(k) Savings Plan and 23,808.444 shares through the Michael G. Lamb Family Trust, including units increased by dividend equivalent reinvestment. The awards vested on December 31, 2025 and were settled in stock on February 24, 2026.

Xcel Energy EVP Ryan J. Long reported equity compensation activity involving restricted stock units and performance share units. On February 24, 2026, 1,127.357 restricted stock units were exercised and converted into common stock, consistent with the one-for-one settlement described.

He also acquired 4,322 shares of common stock as a grant or award and received 1,127.357 shares from the derivative settlement, bringing his direct common stock holdings to 16,916.251 shares before tax withholding. To cover tax obligations on these performance and restricted share settlements, 1,725.357 shares were withheld at $83.35 per share, leaving 15,190.894 shares held directly.

Footnotes explain these transactions relate to settlement of performance share unit awards for the 2023–2025 period, including additional units from reinvested dividend equivalents. Separately, 1,919.802 shares are held indirectly in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan as of a statement dated February 20, 2026.

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.

XCEL ENERGY INC Executive Vice President and Chief Financial Officer Brian J. Van Abel reported multiple equity transactions in company stock. On February 24, 2026, he acquired 28,041 common shares at a stated price of $0.00, representing settlement of performance share unit awards for the 2023–2025 period. He also acquired 8,202.026 common shares through the exercise and conversion of restricted stock units, which are settled in common stock on a one-for-one basis. To cover tax obligations related to these performance and restricted stock unit settlements, he disposed of 15,245.026 shares at $83.35 per share. Following these transactions, his directly held common stock position was 101,568.05 shares, and he indirectly held an additional 16.219 shares in the Xcel Energy Stock Fund under the company 401(k) Savings Plan as of a plan statement dated February 20, 2026.

Xcel Energy Chairman, President and CEO Robert Frenzel reported equity award activity involving company stock. On February 24, 2026, 28,392.65 restricted stock units were converted into common shares, reflecting settlement of performance share unit awards for the 2023–2025 period and related dividend equivalents. He also acquired a separate grant of 97,065 common shares, both at a stated price of $0.00 because they were awards, not market purchases. To cover tax obligations on these vested awards, 57,195.65 shares of common stock were withheld at $83.35 per share. After these transactions, Frenzel directly owned 470,532.261 common shares of Xcel Energy.