Xcel Energy (XEL)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-12-28 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: XCEL ENERGY INC (XEL) CIK: 0000072903 --- Reporting Owner --- Name: Casey Lynn CIK: 0001750741 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2025-12-28 | Code: A (Grant or award) Shares: +544.209 | Price: $0.00 Shares Owned After: 39,758.2 | Ownership: D (Direct) Footnotes: [F1] Retainer granted in the form of stock equivalent units payable in whole shares of common stock following termination of the reporting person's service as director and fractional units are payable at such time in cash. [F2] Of the 544.209 stock equivalent units, 453.507 were granted at a price of $74.42 per unit in lieu of the reporting person's quarterly cash retainer, and 90.701 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer. [F3] Includes 268.816 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents. [F4] Includes 0.999 shares of stock acquired since the person's last report pursuant to the reinvestment of dividend equivalents. --- Footnotes (Complete Index) --- F1: Retainer granted in the form of stock equivalent units payable in whole shares of common stock following termination of the reporting person's service as director and fractional units are payable at such time in cash. F2: Of the 544.209 stock equivalent units, 453.507 were granted at a price of $74.42 per unit in lieu of the reporting person's quarterly cash retainer, and 90.701 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer. F3: Includes 268.816 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents. F4: Includes 0.999 shares of stock acquired since the person's last report pursuant to the reinvestment of dividend equivalents. --- Signature --- /s/ Kristin L. Westlund, Attorney in Fact for Lynn Casey (2025-12-30)