XCEL ENERGY INC — Director's Dealing 2026

Feb 27, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2026-02-24

Reporting Person: Lamb Michael G. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-24	Common Stock	A	3615	—	Acquired	11089.12	Direct
2026-02-24	Common Stock	M	2887.776	—	Acquired	13976.896	Direct
2026-02-24	Common Stock	F	1977.776	$83.35	Disposed	11999.12	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-24	Restricted Stock Units	$	M	2887.776	Disposed		Common Stock (2887.776)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2023.683	Indirect
Common Stock	23808.444	Indirect

Footnotes

F1: Represents the settlement of performance share unit awards for the 2023-2025 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 the 2023-2025 performance share unit awards and restricted stock unit awards. 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 a plan statement dated February 20, 2026.

F5: Number of units shown reflects 245.776 additional units as a result of the reinvestment of dividend equivalents since the original grant.

F6: Award vested on December 31, 2025 but was settled in shares of common stock on February 24, 2026.