Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 41

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 41
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 conditions that apply to the performance stock units. Performance goals may be stated with respect to the performance criteria described below or such other criteria determined by the O&C Committee. If the performance goals are met, performance units will be paid in cash, shares of common stock or a combination thereof.

#### Change in Control
The awards under the 2025 Plan are subject to double-trigger vesting upon a change in control, which means that if the successor corporation assumes the outstanding awards upon a change in control, then vesting of the assumed awards will fully accelerate only if the participant’s employment or service with the successor is terminated by the successor without Cause (as defined in the 2025 Plan). If the successor fails to assume outstanding awards, then the vesting of such awards shall become fully accelerated.

#### Clawback
The awards under the 2025 Plan (together with any associated cash or stock payouts) are subject to the Company's Clawback Policy, which governs recovery of erroneously awarded compensation following an accounting restatement.

#### Amendment; Termination
The 2025 Plan may be amended or terminated at any time by the Board; provided that no amendment may adversely impair the benefits of participants under outstanding awards. Our shareholders must approve any amendment if such approval is required under applicable law or stock exchange requirements (including the repricing of outstanding options and SARs). Our shareholders also must approve any amendment that materially increases the benefits accruing to participants under the 2025 Plan, materially increases the aggregate number of shares of common stock that may be issued under the 2025 Plan or materially modifies the requirements as to eligibility for participation in the 2025 Plan. Unless terminated sooner by the Board or extended with shareholder approval, the 2025 Plan will terminate on the tenth (10th) anniversary of the effective date.

#### Federal Tax Consequences
Counsel advised us regarding the federal income tax consequences of the 2025 Plan. No income is recognized by a participant at the time an option or SAR is granted. If the option is an incentive stock option, no income will be recognized upon the participant’s exercise of the incentive stock option. Income is recognized by a participant when he or she disposes of shares acquired under an incentive stock option. The exercise of a nonqualified stock option or a SAR generally is a taxable event that requires the participant to recognize, as ordinary income, the difference between the shares’ fair market value and the option price or the amount paid in settlement of the SAR.

Income is recognized on account of the grant of