Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 37

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 37
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, (ii) providing greater incentives for employees and other individuals who provide valuable services to the Company and its affiliates and (iii) associating the interests of those persons with the Company and its shareholders.

If approved by the shareholders, the 2025 Plan will be effective as of May 8, 2025, and will contribute a potential dilution of approximately 1.45%. This potential dilution was calculated by dividing the total number of shares available for issuance under the 2025 Plan by the total number of shares of outstanding common stock of the Company as of March 11, 2025. If the 2025 Plan is approved by shareholders, no additional awards will be granted under the Prior Plan (although awards previously made under the Prior Plan will remain in effect subject to the terms of the Prior Plan and the applicable award agreement). Any outstanding awards under the Prior Plan that become forfeited, will become lapsed awards and will again be available for grant under the 2025 Plan. We note that such dilutive effect was previously approved by the Company’s shareholders, and therefore, such feature is not incorporated into the above potential dilution percentage.

The 2025 Plan permits the grant of options, stock appreciation rights, stock awards, restricted stock units, performance stock units, other stock-based awards and cash-based awards (with or without dividend equivalent rights).

The more significant features of the 2025 Plan are summarized below. The summary of the 2025 Plan is qualified in its entirety by reference to the plan document, a copy of which is attached as Appendix A to this proxy statement.

#### Administration of the 2025 Plan
The 2025 Plan will be administered by the Organization and Compensation Committee ("O&C Committee") and the O&C Committee will approve all terms of awards under the 2025 Plan. The O&C Committee also will approve who will receive grants under the 2025 Plan, determine the type of award that will be granted and will approve the number of shares of common stock subject to the grant. The O&C Committee may delegate all or part of its authority to administer the 2025 Plan to one or more officers; provided, however, that the O&C Committee may not delegate its authority with respect to awards that are made to any individuals who are subject to Section 16 of the Exchange Act.

Notwithstanding the foregoing, our Board will administer the 2025 Plan in the case of any award that is made to a member of the Board who is not also an employee of the Company or