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 fee payments and dividend reinvestment.
Summary
- Gary Torgow, a director of DTE Energy Co., reported acquiring phantom stock on October 1, 2024.
- The acquisition was made through the payment of director fees and dividend reinvestment.
- Torgow acquired 262.24 shares of phantom stock at a price of $128.7.
- Following the transaction, Torgow beneficially owns 5,179.63 shares of common stock, including phantom stock.
- The phantom stock will be settled for cash on a date selected by Torgow.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative 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 is a routine disclosure of a director's stock acquisition, common in publicly traded companies as part of executive compensation and ownership alignment.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of phantom stock acquisition |
| 10/03/2024 | Date of signature on the report |
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