Form 4: Xcel Energy EVP Gifts Shares to Family Trust

Xcel Energy's EVP, Chief Delivery Officer, Michael G. Lamb, reported gifting 24,508.444 shares of common stock to a revocable family trust.

Summary

• Michael G. Lamb, Executive Vice President and Chief Delivery Officer of Xcel Energy Inc. (XEL), reported a gift transaction of company common stock.
• On September 4, 2025, Mr. Lamb directly disposed of 24,508.444 shares of Xcel Energy common stock.
• Concurrently, 24,508.444 shares were indirectly acquired by the Michael G. Lamb Family Trust, established for the benefit of his wife.
• The transaction was executed at a price of $0 per share, consistent with a gift, and was made pursuant to a Rule 10b5-1(c) plan.
• Following this transaction, Mr. Lamb directly beneficially owns 7,474.12 shares.
• Indirect beneficial ownership includes 24,508.444 shares through the Michael G. Lamb Family Trust and 1,995.876 shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of August 29, 2025.

Sentiment

Score: 5

Explanation: The transaction is a personal financial planning event (a gift) by an executive, executed under a 10b5-1 plan. It is neutral for the company's operational performance or strategic direction.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating pre-planning and adherence to insider trading regulations, which promotes transparency.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context. It reflects an individual executive's personal financial planning rather than a strategic company move.

Related Party Transactions

• The gift of shares to a revocable trust for the benefit of the reporting person's wife constitutes a related party transaction, as it involves a transfer of assets to a close family member's entity.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a personal financial planning event by an executive and does not affect the company's operations or overall share count significantly.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-planned gift of shares by an executive to a family trust. It is a personal financial planning event and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

Xcel Energy, XEL, Michael G. Lamb, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Executive Compensation, Rule 10b5-1