Form 4: DTE Energy Director Skaggs Acquires Phantom Stock
SEC Form 4 Filing
Director Robert C. Skaggs Jr. acquired phantom stock in DTE Energy Co. through a transaction on May 2, 2024.
Summary
- Robert C. Skaggs Jr., a director of DTE Energy Co., reported a transaction involving phantom stock.
- On May 2, 2024, Skaggs acquired 1,430 shares of phantom stock.
- The phantom shares are immediately vested but subject to a minimum 1-year deferral.
- Following the transaction, Skaggs beneficially owns 10,911.46 derivative securities.
- The acquisition includes phantom stock acquired through the reinvestment feature under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of phantom stock demonstrates the director's continued investment in the company's future.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction provides stakeholders with information about the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction where phantom stock was acquired |
| 05/03/2024 | Date of signature on the Form 4 filing |
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