Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 10

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 10
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■ Our CEO received 81% of his 2024 total compensation in variable, at-risk incentives. For our other Named Executive Officers, the average percentage of variable, at-risk compensation was 67%. No at-risk compensation for our CEO or Named Executive Officers is reflected in customer rates. See more details on page 39.

■ Our short-term and long-term performance metrics all tie directly to our stakeholder aspirations (see above). These are the same metrics that management uses to assess the Company’s progress toward our aspiration to be best in the world and best for the world.

■ Our long-term plan awards include a mix of restricted stock and performance shares designed in part to encourage executive stock ownership. The Board’s Organization and Compensation Committee has not issued stock options since 2010.

■ Our equity compensation plan forbids buyouts of “underwater” stock options. The Company has never bought or repriced “underwater” stock options.

■ Our equity compensation plan requires a minimum one-year vesting period for equity awards. The Company’s typical practice is to require a three-year vesting period for equity awards and the Company has never issued equity awards with less than a one-year vesting period.

■ Our Board has adopted a “clawback” policy that provides that, in the event of an accounting restatement due to material noncompliance with federal securities laws, the Company will seek to recover excess incentive-based compensation awarded to current or former executive officers during the three-year period preceding the restatement.

■ Our executive Change-In-Control Severance Agreements do not include excise tax gross-ups.

■ We do not provide for automatic vesting of equity issued under our Long-Term Incentive Plan upon a change in control of the Company, unless an acquiring or surviving entity fails to replace or affirm the existing equity awards with awards by the surviving company.

#### 6DTE ENERGY2025 PROXY STATEMENT
Performance Highlights

The Company continued to deliver strong earnings per share, while maintaining a strong balance sheet, dividend growth, employee engagement and improving customer service. Some highlights of the Company’s 2024 performance include:

■ Declared a 6.9% increase in our dividend payment.

■ Provided our shareholders with a five-year total shareholder return of 129% (with 2019 as the base year = 100%).

■ Delivered cash from operations of $3.64 billion in 2024.

■ Delivered 2024 operating earnings per share of $6.83 (see discussion below).

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