Form 4: DTE Energy Director Byers Acquires Phantom Stock
SEC Form 4 Filing
Director Deborah L. Byers acquired 1,430 phantom stock units of DTE Energy on May 2, 2024, according to a Form 4 filing.
Summary
- On May 2, 2024, Deborah L. Byers, a director of DTE Energy Co., acquired 1,430 units of phantom stock.
- The phantom shares are immediately vested but subject to a minimum 1-year deferral.
- Following the transaction, Byers directly owns 1,430 derivative securities (phantom stock).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an insider transaction, which carries a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, like directors and officers, transact in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Deborah L. Byers acquired phantom stock. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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