DTE Energy Director David Brandon Acquires Phantom Stock via Fee Deferral Plan

Executive Summary

On October 2, 2026, DTE Energy Co ($DTE) filed a Form 4 reporting an acquisition of derivative securities by Director David Brandon. On October 1, 2026, Brandon acquired 294.07 shares of Phantom Stock at an effective price of $123.27 per share, corresponding to an aggregate value of approximately $36,249.01. Following this transaction, Brandon directly holds 17,514.68 phantom stock units.

Transaction Details

• Security: Phantom Stock (Def Dir Fees), converting 1-for-1 to common stock value.
• Transaction Code: 'A' (Grant, award, or other acquisition under Rule 16b-3).
• Nature of Acquisition: Payment of non-employee director fees deferred into phantom stock under the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees.
• Settlement: Cash-settled on a date selected by the reporting person pursuant to plan terms.

Significance & Market Impact

This transaction represents routine director compensation deferral and does not constitute an open-market purchase or sale. Because the acquisition reflects standard quarterly director retainer/fee election rather than a discretionary market-timing trade, its informational signal and market impact are classified as Low.