Form 4: Xcel Energy Director Charles G. Pardee Reports Changes in Beneficial Ownership

Director Charles G. Pardee reports changes in beneficial ownership of Xcel Energy stock, including acquisition of stock equivalent units and reinvestment of dividend equivalents.

Summary

• Charles G. Pardee, a director of Xcel Energy Inc., filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• The reported transactions occurred on May 22, 2024.
• Pardee acquired 3,061.96 stock equivalent units, each representing one share of common stock, at a price of $0.
• He also acquired 95.049 stock equivalent units through the reinvestment of dividend equivalents.
• Following these transactions, Pardee beneficially owns 22,350.137 shares of common stock.
• Whole stock equivalent units are payable in shares of common stock following termination of the reporting person's service as a director, and fractional units are payable at such time in cash.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Positives

• The acquisition of stock equivalent units through dividend reinvestment indicates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. They are closely watched by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The reported transactions provide shareholders with information about the director's stake in the company.

Key Dates