Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 53

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 53
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-term incentives provide the O&C Committee the ability to align programs that focus on our long-term performance over a three-year period, with the objective of aligning executives’ interests with those of our shareholders. Our principles for ownership of stock, discussed on page 48, ensure that the executives and other employees have a vested interest in the long-term financial health, management and success of the Company.

The long-term incentives are awarded under the Long-Term Incentive Plan and reward executives and other employees with stock-based compensation.

#### 44DTE ENERGY2025 PROXY STATEMENT
Named Executive Officers are eligible to receive restricted stock, performance shares, performance units, stock options or a combination of these awards. Since the creation of the Long-Term Incentive Plan, we have granted only performance shares, time-based restricted stock and nonqualified stock options. However, the O&C Committee has not granted stock options under the Long-Term Incentive Plan since 2010. Executives receive long-term incentive grants based upon a target percentage of base salary. The targeted award levels for the Named Executive Officers for 2024 were as follows: Mr. Norcia, 525% of base salary; Mr. Ruud, 275% of base salary; Mr. Lauer, 230% of base salary; Mr. Stiers, 180% of base salary and Ms. Harris, 215% of base salary. In addition to the targeted award levels, the O&C Committee also considers previous years’ grants, career potential and retention in determining the final number of awards granted.

The value of each element of these long-term incentive grants for 2024 was as follows:

| Performance Shares |     | Approximately 70% |
| Restricted Stock   |     | Approximately 30% |

This mix was designed to provide a balance of incentives to executives for creating long-term shareholder value through strong financial and operating performance and to align executive interests with shareholder interests.

Performance Shares Granted in 2024:

In 2024, performance shares represented approximately 70% of the overall long-term incentive grant value. Granting of performance shares allows us to tie long-term performance objectives with creating shareholder value. 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 of the two, in the plan administrator’s discretion, depending on the level of achievement of performance measures. The performance measurement period for the 2024 grants is January 1,