Company: DTK
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0000936340-25-000068
Chunk: 0

Company: DTE ENERGY CO
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 0
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Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of

Certain Officers; Compensatory Arrangements of Certain Officers

Annual Incentive Plan

On February 10 and 11, 2025, the Organization and Compensation Committee (the O& C Committee) of the Board of Directors of the Company approved 2025 performance measures, weightings and metrics under the Company's Annual Incentive Plan (AIP).

The following table summarizes the annual measures for 2025 under the AIP for executive officers of the Company in determining their total annual incentive award:

  Measures                                     Weight  
  DTE Energy Operating Earnings Per Share         20%  
  DTE Energy Cash From Operations                 20%  
  Customer Satisfaction Score                     15%  
  DTE Energy Employee Engagement-Gallup            5%  
  DTE Energy Safety Performance                   10%  
  Utility Operating Excellence Index              30%  

The following table summarizes the annual measures for 2025 under the AIP for executive officers of DTE Vantage in determining their total annual incentive award:

  Measures                                                   Weight  
  DTE Energy Operating Earnings Per Share                       10%  
  DTE Vantage Operating Earnings                                30%  
  DTE Vantage Cash From Operations                               5%  
  DTE Vantage Employee Engagement-Gallup                         5%  
  DTE Vantage/Energy Safety Performance                         10%  
  DTE Vantage Business Optimization & Development Index         40%  

Based on market comparisons, each officer position is assigned a target award expressed as a percentage of base salary. For 2025, target awards for DTE Energy and DTE Vantage’s named executive officers (executive officers who will appear in the summary compensation table of DTE Energy’s 2025 Proxy Statement) range from 75% to 145%, including Mr. Norcia, the Company's Chairman and Chief Executive Officer. Award amounts paid to each AIP participant are determined as follows: (1) the executive's most recent year-end base salary is multiplied by an AIP target award percentage to arrive at the target award; (2) the overall performance payout percentage, which can range from 0% to 200%, is determined based on final results compared to threshold, target and maximum levels for each measure; and (3) the target award is then multiplied by the performance payout percentage to arrive at the final award amount.

Long-T