Xcel Energy (XEL) EVP sells 800 shares, granted 5,370 RSUs

Rhea-AI Filing Summary

Xcel Energy EVP Ryan J. Long reported mixed insider activity in company stock. He completed an open-market sale of 800 shares of common stock at a weighted average price of $82.91 per share, with sale prices ranging from $82.87 to $82.94.

Long also received a grant of 5,370 restricted stock units that will vest on December 31, 2028, if he remains employed by Xcel Energy, and will settle into common shares on a one-for-one basis. Following these transactions, he directly owned 19,760.894 shares, and an additional 1,919.907 shares were held indirectly in the Xcel Energy Stock Fund under the company 401(k) Savings Plan as of a plan statement dated March 2, 2026.

Insider Trade Summary

Net Seller: 800 shares ($66,328)

Net Sell 3 txns

Insider Long Ryan J.

Role EVP, Chief Legal and

Sold 800 shs ($66K)

Type	Security	Shares	Price	Value
Sale	Common Stock	800	$82.91	$66K
Grant/Award	Common Stock	5,370	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 19,760.894 shares (Direct); Common Stock — 1,919.907 shares (Indirect, 401(k))

Footnotes (1)

1. Represents restricted stock units that vest on December 31, 2028 if the reporting person continues to be employed by Xcel Energy as of such date. Upon vesting, the restricted stock units will be settled in shares of Xcel Energy common stock on a one-for-one basis. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.87 to $82.94, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated March 2, 2026.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Long Ryan J.

(Last) (First) (Middle)

414 NICOLLET MALL

(Street)

MINNEAPOLIS MN 55401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
XCEL ENERGY INC [ XEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Legal and

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		A		5,370(1)	A	$0	20,560.894	D
Common Stock	03/04/2026		S		800	D	$82.91(2)	19,760.894	D
Common Stock								1,919.907(3)	I	401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units that vest on December 31, 2028 if the reporting person continues to be employed by Xcel Energy as of such date. Upon vesting, the restricted stock units will be settled in shares of Xcel Energy common stock on a one-for-one basis.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.87 to $82.94, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

3. Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated March 2, 2026.

	Kristin L. Westlund, Attorney in Fact for Ryan Long	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did Xcel Energy (XEL) EVP Ryan J. Long report?

Ryan J. Long reported both a stock sale and an equity award. He sold 800 shares of Xcel Energy common stock in the open market and received 5,370 restricted stock units that can convert into shares if vesting conditions are met.

How many Xcel Energy (XEL) shares did Ryan J. Long sell and at what price?

He sold 800 shares of Xcel Energy common stock in an open-market transaction. The weighted average sale price was $82.91 per share, with individual trades executed between $82.87 and $82.94, as described in the filing footnotes.

What are the vesting terms of the 5,370 restricted stock units granted to Ryan J. Long at Xcel Energy (XEL)?

The 5,370 restricted stock units vest on December 31, 2028, if Ryan J. Long remains employed by Xcel Energy through that date. Once vested, each unit will be settled in one share of Xcel Energy common stock, according to the disclosure.

How many Xcel Energy (XEL) shares does Ryan J. Long own after these transactions?

After the reported transactions, he directly owned 19,760.894 shares of Xcel Energy common stock. Additionally, 1,919.907 shares were held indirectly in the Xcel Energy Stock Fund under the company’s 401(k) Savings Plan, based on a March 2, 2026 plan statement.

How are Ryan J. Long’s indirect Xcel Energy (XEL) holdings structured?

His indirect holdings are through the Xcel Energy Stock Fund within the company’s 401(k) Savings Plan. The filing notes 1,919.907 shares held in this plan as of a plan statement dated March 2, 2026, classified as indirect ownership.

What does the Form 4 say about the pricing of Ryan J. Long’s Xcel Energy (XEL) stock sale?

The filing states the reported price is a weighted average. The 800 shares were sold in multiple transactions, with prices ranging from $82.87 to $82.94. The insider offers to provide detailed breakdowns of shares sold at each price upon request.