Form 4: Xcel Energy Executive Reports Changes in Beneficial Ownership

Timothy John O'Connor, EVP and Chief Operations Officer of Xcel Energy, filed a Form 4 detailing changes in his beneficial ownership of company stock, primarily related to phantom stock units within the deferred compensation plan.

Summary

• Timothy John O'Connor, an executive at Xcel Energy, filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Xcel Energy securities.
• The changes primarily involve phantom stock units held within the Xcel Energy Deferred Compensation Plan.
• On August 28, 2024, O'Connor's holdings included 40,608.276 shares of common stock held directly.
• He also held 25,003.493 shares of phantom stock indirectly through the deferred compensation plan.
• The phantom stock represents the right to receive the cash value of one share of common stock.
• The reported changes reflect additional shares credited upon the deemed reinvestment of dividend equivalents and minor adjustments due to the unitized nature of the Plan's Company stock fund.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Form 4) detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's stock holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the executive's holdings, primarily related to deferred compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.

Key Dates