Form 4: DTE Energy Executive Sells 3,000 Shares of Common Stock

JoAnn Chavez, Sr VP & Chief Legal Officer of DTE Energy Co, sold 3,000 shares of common stock at a weighted average price of $111.52 on May 2, 2024.

Summary

• On May 2, 2024, JoAnn Chavez, the Senior Vice President & Chief Legal Officer of DTE Energy Co, sold 3,000 shares of common stock.
• The sale was executed at a weighted average price of $111.52 per share, with individual transactions ranging from $111.28 to $111.87.
• Following the transaction, Ms. Chavez directly owns 13,667 shares of DTE Energy common stock.
• She also indirectly owns 719.75 shares through the DTE Energy Company Savings and Stock Ownership Plan as of May 2, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.

Key Dates