XCEL ENERGY INC — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2021-02-16

Reporting Person: O'Connor Timothy John (EVP, Chief Generating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-16	Common Stock	A	2825.983	—	Acquired	25868.983	Direct
2021-02-16	Common Stock	M	3980.949	—	Acquired	29849.932	Direct
2021-02-16	Common Stock	F	3459.932	$61.54	Disposed	26390	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-16	Restricted Stock Units	$	M	3980.949	Disposed		Common Stock (3980.949)	Direct
2021-02-16	Phantom Stock	$0	A	14088	Acquired		Common Stock (14088)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	351.993	Indirect

Footnotes

F1: Restricted stock units are settled in common stock on a one-for-one basis.

F2: Fractional share interests relating to the settlement of restricted stock unit and performance share unit awards, and relating to share withholding for taxes, were settled in cash.

F3: Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of a plan statement dated February 12, 2021.

F4: Number of shares and units shown reflects the reinvestment of dividend equivalents since the original grant of 3,661 units.

F5: Award vested on December 31, 2020 but was settled in shares of common stock on February 16, 2021.

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

F7: 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.

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.