Form 4: Xcel Energy Director Charles G. Pardee Reports Acquisition of Stock Equivalent Units

Director Charles G. Pardee reports acquisition of stock equivalent units in Xcel Energy Inc. through retainer grants and dividend reinvestments.

Summary

• Charles G. Pardee, a director of Xcel Energy Inc., reported the acquisition of 871.113 stock equivalent units on March 28, 2024.
• These units were granted as part of a retainer, with 725.928 units granted at $53.38 per unit in lieu of a quarterly cash retainer.
• An additional 145.185 units were granted at no cost as a 20% premium on the retainer amount.
• Pardee also acquired 74.128 stock equivalent units through the reinvestment of dividend equivalents.
• Following these transactions, Pardee beneficially owns 19,193.128 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider confidence through dividend reinvestment.

Positives

• The acquisition of stock equivalent units demonstrates the director's continued investment in the company.
• Reinvestment of dividend equivalents shows confidence in the company's future performance.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and ownership.

Key Dates