Form 4: Patricia Kampling Reports Acquisition of Xcel Energy Stock Equivalent Units

Director Patricia Kampling acquired 379.356 stock equivalent units of Xcel Energy on March 28, 2024, as part of a retainer and dividend reinvestment.

Summary

• On March 28, 2024, Patricia Kampling, a director of Xcel Energy Inc., acquired 379.356 stock equivalent units.
• These units were granted as part of her retainer, with 316.13 units granted at $53.38 per unit in lieu of a quarterly cash retainer.
• An additional 63.226 units were granted at no cost as a 20% premium on the retainer amount.
• Kampling also acquired 52.307 stock equivalent units through the reinvestment of dividend equivalents.
• Following these transactions, Kampling beneficially owns 13,109.929 shares of Xcel Energy common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of stock equivalent units indicates confidence in the company, but it's a routine transaction.

Positives

• The acquisition of stock equivalent units by a director signals confidence in the company's future performance.
• The reinvestment of dividend equivalents demonstrates a long-term commitment to the company.

Future Outlook

The stock equivalent units are payable in whole shares of common stock following termination of the reporting person's service as a director, with fractional units payable in cash.

Industry Context

Directors often receive stock-based compensation to align their interests with those of shareholders, which is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates