Form 4: DTE Energy Director Gary Torgow Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Gary Torgow reports acquiring phantom stock in DTE Energy Co. through director fees and dividend reinvestment.
Summary
- Gary Torgow, a director of DTE Energy Co., filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of phantom stock related to deferred director fees and dividend reinvestment.
- On January 2, 2025, Torgow acquired 289.09 units of phantom stock at a price of $121.07 per unit.
- Following the transaction, Torgow beneficially owns 5,508.09 shares of common stock, including phantom stock.
- The phantom stock will be settled for cash on a date selected by the reporting person.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of director's stock acquisition.
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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Provides transparency to shareholders regarding director's compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of phantom stock acquisition |
| 01/03/2025 | Date of Form 4 filing |
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