XCEL ENERGY INC — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2020-02-18

Reporting Person: Carter Brett C (EVP, Chief Customer and Innova)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-18	Common Stock	A	15594.148	—	Acquired	26933.855	Direct
2020-02-18	Common Stock	M	4532.666	—	Acquired	31466.521	Direct
2020-02-18	Common Stock	F	10033.814	$70.26	Disposed	21432.707	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-18	Restricted Stock Unit	$	M	4532.666	Disposed		Common Stock (4532.666)	Direct
2020-02-18	Phantom Stock	$0.00	A	12027	Acquired		Common Stock (12027)	Direct

Footnotes

F1: The amount also includes 214.619 shares of stock acquired since the reporting person's last report pursuant to the reinvestment of dividends.

F2: Restricted stock units are settled in common stock on a one-for-one basis.

F3: Fractional share interests relating to the settlement of restricted stock and performance share unit awards and relating to share withholding for taxes were settled in cash.

F4: Number of shares and units shown reflects the reinvestment of dividend equivalents since the original grant of 4,312 units.

F5: Award vested on December 31, 2019 but was settled in shares of common stock on February 18, 2020.

F6: Each share of phantom stock represents the right to receive the cash value of one share of common stock.

F7: Shares of phantom shares 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.

F8: 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.