Timothy John O'Connor - 22 Feb 2022 Form 4 Insider Report for XCEL ENERGY INC

Role: EVP, Chief Operations Officer
Signature: Gioia M. Gentile, Attorney in Fact for Timothy John O'Connor
Issuer symbol: XEL, XELLL on Nasdaq
Transactions as of: 22 Feb 2022
Net transactions value: +$1,041,466
Form type: 4
Filing time: 24 Feb 2022, 20:01:52 UTC
Previous filing: 05 Jan 2022
Next filing: 05 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XEL	Common Stock	Award	$0	+469	+3.3%	$0.000000	14,859	22 Feb 2022	Direct	F1
transaction	XEL	Common Stock	Options Exercise		+4,040	+27%		18,899	22 Feb 2022	Direct	F2
transaction	XEL	Common Stock	Tax liability	$245,468	-3,719	-20%	$66.00	15,180	22 Feb 2022	Direct	F3
holding	XEL	Common Stock						361	22 Feb 2022	401(k)	F4

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	+4,040		$0.000000^*	0	22 Feb 2022	Common Stock	4,040		Direct	F2, F5, F6
transaction	XEL	Phantom Stock	Award	$1,286,934	+19,499	+35%	$66.00	75,388	22 Feb 2022	Common Stock	19,499	$0.000000	Direct	F7, F8, F9

* 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 2019-2021 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 performance share unit awards and restricted stock unit awards for the 2019-2021 performance period. 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 plan statement dated February 18, 2022.
F5	Number of units shown reflects the reinvestment of dividend equivalents since the original grant of 3,734 units.
F6	Award vested on December 31, 2021 but was settled in shares of common stock on February 22, 2022.
F7	Each share of phantom stock represents the right to receive the cash value of one share of common stock.
F8	Shares of phantom stock become payable in accordance with the reporting person's distribution elections made pursuant to the Xcel Energy Deferred Compensation Plan (the "Plan"). Subject to certain timing restrictions and other limitations based on the source of the amount deferred, the reporting person may generally transfer some or all of the balance in the Plan's Company stock account into an alternative Plan investment account.
F9	The number of shares of phantom stock reflects both additional shares credited upon the deemed reinvestment of dividend equivalents as reported in the most recent report from the Plan administrator, as well as minor adjustments to the number of phantom shares credited to the reporting person's Company stock account due to the unitized nature of the Plan's Company stock fund.