Michael G. Lamb - 24 Feb 2026 Form 4 Insider Report for XCEL ENERGY INC (XEL)

Role
EVP, Chief Delivery Officer
Signature
Kristin L. Westlund, Attorney in Fact for Michael G. Lamb
Issuer symbol
XEL
Transactions as of
24 Feb 2026
Net transactions value
-$164,848
Form type
4
Filing time
26 Feb 2026, 18:21:50 UTC
Previous filing
16 Dec 2025
Next filing
04 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Lamb Michael G. EVP, Chief Delivery Officer 414 NICOLLET MALL, MINNEAPOLIS Kristin L. Westlund, Attorney in Fact for Michael G. Lamb 26 Feb 2026 0002062439

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XEL Common Stock Award $0 +3,615 +48% $0.000000 11,089 24 Feb 2026 Direct F1
transaction XEL Common Stock Options Exercise +2,888 +26% 13,977 24 Feb 2026 Direct F2
transaction XEL Common Stock Tax liability $164,848 -1,978 -14% $83.35 11,999 24 Feb 2026 Direct F3
holding XEL Common Stock 2,024 24 Feb 2026 401(k) F4
holding XEL Common Stock 23,808 24 Feb 2026 By Michael G. Lamb Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction XEL Restricted Stock Units Options Exercise $0 -2,888 -100% $0.000000 0 24 Feb 2026 Common Stock 2,888 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement of performance share unit awards for the 2023-2025 performance period.
F2 Restricted stock units are settled in common stock on a one-for-one basis.
F3 Represents the withholding of shares to satisfy tax obligations upon the settlement of the 2023-2025 performance share unit awards and restricted stock unit awards. Fractional share interests were settled in cash.
F4 Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated February 20, 2026.
F5 Number of units shown reflects 245.776 additional units as a result of the reinvestment of dividend equivalents since the original grant.
F6 Award vested on December 31, 2025 but was settled in shares of common stock on February 24, 2026.