Company: DTK
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0000936340-25-000068
Chunk: 1

Company: DTE ENERGY CO
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 1
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erm Incentive Plan

On February 10 and 11, 2025, the O& C Committee approved 2027 performance measures, weightings and metrics for executive officers, including the named executive officers, under the DTE Energy Company Long Term Incentive Plan (LTIP). The LTIP, which was approved by our shareholders, rewards long-term growth and profitability by providing a vehicle through which officers, other key employees and outside directors may receive stock-based compensation. Stock-based compensation directly links individual performance with shareholder interests. Based on market comparisons, each officer position is assigned a target award expressed as a percentage of base salary. The target award may be modified by the O& C Committee and is then delivered in the form of restricted stock and performance shares. For long term incentive awards granted in 2025, which pay out in 2028, targets for these officers range from 190% to 625%, including the Chairman and Chief Executive Officer.

Performance shares: Performance shares entitle the executive to receive a specified number of shares, or a cash payment equal to the fair market value of the shares, or a combination thereof, depending on the level of achievement of performance measures. The performance measurement period for the 2027 award is January 1, 2025 through December 31, 2027. Payments earned under the 2027 award can range from 0% to 200% of target, based upon achievement of performance measures. The two measures and weightings for executive officers of DTE Energy are: (1) total shareholder return vs. total shareholder return of peer group companies (80%) and (2) DTE Energy 3-year cumulative operating EPS (20%). The four measures and weightings for executive officers of DTE Vantage are: (1) total shareholder return vs. total shareholder return of peer group companies (40%); (2) DTE Energy 3-year cumulative operating EPS (10%); (3) DTE Vantage long-range earnings growth (25%); and (4) DTE Vantage long-term business optimization (25%).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 14, 2025

  DTE Energy Company                                                                 
  (Registrant)                                                                       
  /s/Diane M. Antishin                                                               
  Diane M. Antishin