Robert Frenzel - 24 Feb 2026 Form 4 Insider Report for XCEL ENERGY INC (XEL)

Reporting relationship: Chairman, President and CEO, Director
Issuer ticker: XEL
Reported as of: 24 Feb 2026
Net transaction value: -$4,767,257
SEC form: 4
Accepted by SEC: 26 Feb 2026, 18:17:05 UTC
Prior SEC filing: 10 Dec 2025
Next SEC filing: 04 Mar 2026
Source filing: View source filing
Reporting owner signature: Kristin L. Westlund, Attorney in Fact for Robert Frenzel

Key filing fact

Robert Frenzel filed Form 4 for XCEL ENERGY INC (XEL) on 26 Feb 2026.

Key facts

This page summarizes Robert Frenzel's Form 4 filing for XCEL ENERGY INC (XEL).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 26 Feb 2026, 18:17.

Change

Previous filing in this sequence was filed on 10 Dec 2025.
Current net transaction value: -$4,767,257.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001672519 Primary reporting owner

Frenzel Robert

Relationship: Chairman, President and CEO, Director
Address: 414 NICOLLET MALL, MINNEAPOLIS
Signature: Kristin L. Westlund, Attorney in Fact for Robert Frenzel
Signature date: 26 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

XEL transaction

Common Stock

Award

Transaction value: $0
Shares: +97,065
Change %: +24%
Price: $0.000000
Shares after: 499,335
Date: 24 Feb 2026
Ownership: Direct
Footnotes: F1

XEL transaction

Common Stock

Options Exercise

Transaction value
Shares: +28,393
Change %: +5.7%
Price
Shares after: 527,728
Date: 24 Feb 2026
Ownership: Direct
Footnotes: F2

XEL transaction

Common Stock

Tax liability

Transaction value: $4,767,257
Shares: -57,196
Change %: -11%
Price: $83.35
Shares after: 470,532
Date: 24 Feb 2026
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

XEL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -28,393
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 24 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 28,393
Exercise price
Footnotes: F2, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents the settlement of performance share unit awards for the 2023-2025 performance period.

Footnote F2

Restricted stock units are settled in common stock on a one-for-one basis.

Footnote 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.

Footnote F4

Number of units shown reflects the reinvestment of 2,703.65 dividend equivalents since the original grant of 25,689 units on January 3, 2023.

Footnote F5

Award vested on December 31, 2025 but was settled in shares of common stock on February 24, 2026.