XCEL ENERGY INC — Director's Dealing 2022

Feb 24, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2022-02-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-22	Common Stock	A	469.275	—	Acquired	14859.275	Direct
2022-02-22	Common Stock	M	4039.933	—	Acquired	18899.208	Direct
2022-02-22	Common Stock	F	3719.208	$66.00	Disposed	15180	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-22	Restricted Stock Units	$	M	4039.933	Acquired		Common Stock (4039.933)	Direct
2022-02-22	Phantom Stock	$0	A	19499	Acquired		Common Stock (19499)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	361.348	Indirect

Footnotes

F1: Represents the settlement of performance share unit awards for the 2019-2021 performance period.

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

F3: Represents the withholding of shares to satisfy tax obligations upon the settlement of performance share unit awards and restricted stock unit awards for the 2019-2021 performance period. Fractional share interests were settled in cash.

F4: Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of plan statement dated February 18, 2022.

F5: Number of units shown reflects the reinvestment of dividend equivalents since the original grant of 3,734 units.

F6: Award vested on December 31, 2021 but was settled in shares of common stock on February 22, 2022.

F7: Each share of phantom stock represents the right to receive the cash value of one share of common stock.

F8: 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.

F9: 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.