Form 4: DTE Energy Director David Brandon Reports Changes in Beneficial Ownership

David Brandon, a director at DTE Energy, reported an acquisition of phantom stock related to director fees.

Summary

• On July 1, 2024, David Brandon, a director of DTE Energy, acquired 160.37 units of phantom stock as payment for director fees.
• The phantom stock is convertible to common stock on a 1-for-1 basis and will be settled in cash on a date selected by Brandon.
• The price of the derivative security is $109.12.
• Following the transaction, Brandon beneficially owns 14,426.4 shares of DTE Energy common stock, which includes phantom stock acquired through dividend reinvestments.
• Brandon has also granted power of attorney to Kathrine M. Lorenz, Lisa A. Muschong, Todd A. Richards, and Sarah M. Bello to file reports with the SEC on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

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 filing is a routine disclosure related to changes in beneficial ownership by a company director, which is standard practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves director compensation in the form of phantom stock.

Key Dates