Form 4: Xcel Energy Director Megan D. Burkhart Reports Acquisition of Stock Equivalent Units

Director Megan D. Burkhart reports acquisition of stock equivalent units in Xcel Energy Inc. through retainer grants and reinvestment of dividend equivalents.

Summary

• Megan D. Burkhart, a director of Xcel Energy Inc., reported the acquisition of 584.247 stock equivalent units on March 28, 2025.
• These units were granted as part of her retainer, with 486.873 units granted at $69.32 per unit in lieu of a quarterly cash retainer.
• An additional 97.374 units were granted at no cost as a 20% premium on the retainer amount.
• Burkhart also acquired 120.288 stock equivalent units through the reinvestment of dividend equivalents.
• Following these transactions, Burkhart beneficially owns 15,363.156 shares of common stock equivalent units.
• These units are payable in whole shares of common stock upon termination of her service as a director, with fractional units payable in cash.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock equivalent unit acquisition by a director.

Positives

• The acquisition of stock equivalent units demonstrates the director's continued investment in Xcel Energy.
• Reinvestment of dividend equivalents further aligns the director's interests with those of shareholders.

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.

Industry Context

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

Stakeholder Impact

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

Key Dates

Keywords

stock equivalent units, Xcel Energy, director, retainer, dividend equivalents, beneficial ownership, Form 4