Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 40

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 40
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 grant (or five years in the case of an incentive stock option granted to a “ten percent shareholder”).

Stock Awards. The 2025 Plan also provides for the grant of stock awards. A stock award is an award of common stock that may be subject to restrictions on transferability and other restrictions as the O&C Committee determines in its sole discretion on the date of grant. A stock award may be subject to vesting or other requirements or restrictions that, if any, may lapse over a specified period of time or through the satisfaction of conditions, in installments or otherwise, as the O&C Committee may determine. Unless the stock award agreement provides otherwise, a participant who receives a stock award will have all of the rights of a shareholder as to those shares, including, without limitation, the right to vote and the right to receive dividends or distributions on the shares.

RSUs and SARs. The 2025 Plan authorizes the O&C Committee to grant RSUs and SARs that provide the recipient with the right to receive cash, shares of common stock or a combination of the two. The amount that the recipient will receive upon settlement of an RSU is a the full value of a share of common stock, and the amount that the recipient will receive upon exercise of the SAR generally will equal the excess of the fair market value of a share of common stock on the date of exercise over the share’s fair market value on the date of grant (the “initial value”) multiplied by the number of shares for which the SAR is exercised. SARs will become exercisable in accordance with terms prescribed by the O&C Committee. RSUs and SARs may be granted in tandem with an option grant or independently from an option grant. The term of a SAR cannot exceed ten years from the date of grant or five years in the case of a SAR granted in tandem with an incentive stock option awarded to a “ten percent shareholder.”

#### DTE ENERGY2025 PROXY STATEMENT35
Except in the case of stock splits, stock dividends and other changes in our capitalization, the initial value of an outstanding SAR cannot be reduced without the approval of shareholders.

Performance Stock Units. The 2025 Plan also authorizes the O&C Committee to grant performance stock units. Performance stock units represent the participant’s right to receive an amount, based on the value of the common stock, if performance goals or other objectives established by the O&C Committee are achieved. The O&C Committee will determine the applicable performance period, the performance goals or other objectives and such other