Form 4: Xcel Energy CEO Robert Frenzel Reports Share Transactions
SEC Form 4 Filing
Robert Frenzel, Chairman, President, and CEO of Xcel Energy, reports the settlement of performance share units and restricted stock units, along with associated tax withholding.
Summary
- Robert Frenzel, the Chairman, President, and CEO of Xcel Energy, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On February 25, 2025, Frenzel acquired 81,018 shares of common stock through the settlement of performance share unit awards.
- He also acquired 22,544.918 shares through the settlement of restricted stock units.
- 47,093.918 shares were disposed of to satisfy tax obligations related to the settlement of these awards at a price of $70.78 per share.
- Following these transactions, Frenzel directly owns 403,800 shares of Xcel Energy common stock.
- The restricted stock units, originally granted on January 3, 2022, vested on December 31, 2024, and were settled in shares on February 25, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 2022-01-03 | Original grant date of 20,607 restricted stock units. |
| 2024-12-31 | Restricted stock units vested. |
| 2025-02-25 | Settlement of performance share units and restricted stock units; tax obligations satisfied. |
| 2025-02-27 | Date of Form 4 signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.