Form 4: DTE Energy Director Acquires Phantom Stock Through Deferred Fees
SEC Form 4 Filing
Director David Brandon acquired phantom stock in DTE Energy through deferred director fees on April 1, 2025.
Summary
- On April 1, 2025, David Brandon, a director of DTE Energy Co., acquired 177.64 units of phantom stock due to deferred director fees.
- The phantom stock was acquired at a price of $137.92 per unit.
- Following the transaction, Brandon directly owns 15,321.36 shares of common stock, which includes phantom stock acquired through dividend reinvestments.
- The phantom stock will be settled for cash on a date selected by the reporting person as provided under the plan.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. It's neither exceptionally positive nor negative.
Future Outlook
The phantom stock will be settled for cash on a date selected by the reporting person as provided under the plan.
Industry Context
This is a routine disclosure related to director compensation in the form of phantom stock, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of phantom stock acquisition |
| 04/03/2025 | Date of Form 4 filing |
Keywords
DTE Energy, Director, Phantom Stock, Deferred Fees, Form 4, Beneficial Ownership, David Brandon
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