Form 4: Xcel Energy Director Richard T. O'Brien Reports Acquisition of Stock Equivalent Units

Director Richard T. O'Brien reports acquiring stock equivalent units in Xcel Energy, increasing his holdings to 88,749.148 units.

Summary

• Richard T. O'Brien, a director of Xcel Energy, reported a transaction on March 28, 2024, involving the acquisition of 814.912 stock equivalent units.
• These units were granted as a retainer in the form of stock equivalents, payable in whole shares of common stock upon termination of his service as a director.
• 679.093 units were granted at $53.38 per unit in lieu of a quarterly cash retainer, and 135.819 units were granted at no cost as a 20% premium on the retainer amount.
• O'Brien's total beneficial ownership following the transaction is 88,749.148 stock equivalent units, which includes 655.608 units acquired through reinvestment of dividend equivalents.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The director's increased stake in the company could signal confidence in Xcel Energy's future performance.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, primarily providing transparency regarding director compensation and ownership.

Key Dates