Timothy John O'Connor - 28 Feb 2023 Form 4 Insider Report for XCEL ENERGY INC

Role: EVP, Chief Operations Officer
Signature: Kristin L. Westlund, Attorney in Fact for Timothy John O'Connor
Issuer symbol: XEL, XELLL on Nasdaq
Transactions as of: 28 Feb 2023
Net transactions value: -$271,091
Form type: 4
Filing time: 02 Mar 2023, 16:38:56 UTC
Previous filing: 23 Feb 2023
Next filing: 01 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XEL	Common Stock	Options Exercise		+9,088	+53%		26,268	28 Feb 2023	Direct	F1, F2
transaction	XEL	Common Stock	Tax liability	$271,091	-4,145	-16%	$65.40	22,123	28 Feb 2023	Direct	F3

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	-9,088	-60%	$0.000000	6,059	28 Feb 2023	Common Stock	9,088		Direct	F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units are settled in common stock on a one-for-one basis.
F2	The amount includes 256.716 shares of stock acquired pursuant to the reinvestment of dividends since the reporting person's last report.
F3	A fractional share interest was settled in cash in connection with the settlement of a common stock award and withholding of shares for taxes.
F4	On January 3, 2022, the reporting person was granted 14,719 restricted stock units, 60% of which vested on February 28, 2023, and the remaining 40% vests on August 31, 2023.
F5	Includes 171.144 additional restricted units acquired pursuant to reinvestment of dividend equivalents credited on outstanding restricted stock units.