Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 63

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 63
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              |     |           |         |     |           |                                                                 |     |              |     |        |         |     |         |                        |     |  3,200 |                        |     | 105.42 |                               |     |   337,344 |

(1) These dollar amounts represent the threshold, target and maximum calculated awards for the 2024 plan year under the Annual Incentive Plan. The various measures and details relating to the 2024 final awards are presented beginning on page 42.

(2) The target column represents the number of performance shares granted to the Named Executive Officers under the Long-Term Incentive Plan on January 31, 2024. The performance measurement period for the 2024 grants is January 1, 2024 through December 31, 2026. For Messrs. Norcia, Lauer and Ruud, and Ms. Harris, payments earned from the 2024 grants will be based on two performance measures weighted as follows: (i) total shareholder return vs. shareholder return of a custom peer group (80%) and (ii) 3-year cumulative operating earnings per share (20%), for Mr. Stiers, payments earned from the 2024 grants will be based on three performance measures weighted as follows: (i) total shareholder return vs. shareholder return of a custom peer group (40%), (ii) 3-year cumulative operating earnings per share (10%) and (iii) DTE Vantage projects long-range earnings growth (50%). Beginning with the 2022 performance share grants, the total shareholder return target and maximum were increased to the 55th and 80th percentile (versus 50th and 75th percentile), respectively. These changes were made in support of DTE’s overall pay for performance philosophy. The final payouts, if any, will occur after the O&C Committee certifies the final results in early 2027. Beginning with 2010 performance share grants, dividends or dividend equivalents are not paid on unvested performance shares.

(3) This column reports the number of shares of restricted stock granted under the Long-Term Incentive Plan to each of the Named Executive Officers on January 31, 2024. These shares of restricted stock will vest on January 31, 2027, assuming the Named Executive Officer is still actively employed by the Company on that date. Dividends on these shares of restricted stock are paid to the Named Executive Officer during the vesting