Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 78

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 78
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 the coverage in effect for the executive as of December 31, 2024, as well as the cash equivalent value of 6 month of outplacement benefits.

#### Employment Agreement for Mr. Norcia
Under Mr. Norcia’s employment agreement discussed on page 48, assuming we terminated his employment without cause, or Mr. Norcia terminated his employment for good reason on December 31, 2024, Mr. Norcia would have been entitled to payments with an approximate value of $25,389,846 under the hypothetical termination. The payments represent twenty-four (24) months base salary, two times his 2024 annual incentive award with a Business Unit Modifier of 136.39%, his 2024 annual incentive payment earned with a Business Unit Modifier of 136.39%, and his unvested restricted stock and performance shares pro-rated based on actual days worked during the vesting/performance period and assuming target performance levels. Mr. Norcia would also be entitled to post-termination health care benefits in accordance with the retiree medical plan in which he is entitled to participate.

#### 60DTE ENERGY2025 PROXY STATEMENT
CEO Pay Ratio

For the fiscal year ended December 31, 2024, we identified the median of all our employees, excluding our CEO, by using annual total compensation as reported in the Summary Compensation Table as our consistently applied compensation measure. We computed annual total compensation for all active employees as of December 31, 2024, whether employed on a full-time, part-time, or seasonal basis. We did not annualize the compensation for any full-time employees who were not employed by us for all of 2024.

■ The resulting median employee is a supervisor supporting our Distribution Operations organization;

■ The median employee had a 2024 salary of $106,078;

■ The annual total compensation of the median employee of the Company (other than Mr. Norcia, the Company’s Chairman and CEO) was $145,282; and

■ The annual total compensation of Mr. Norcia, our Chairman and CEO, was $12,592,002.

Based on this information, the ratio of the annual total compensation of DTE’s Chairman and CEO to the median of the annual total compensation of all employees is 87 to 1. This ratio is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.

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