Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 56

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 56
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 Corporation    |     | Xcel Energy, Inc.                 |
| Evergy Inc.                |     |                                   |
| Eversource Energy          |     |                                   |

Total shareholder return compared to the Peer Group is the primary measure because it reflects how well our Company has performed on total return to its shareholders relative to the total shareholder returns of similar companies.

As displayed above, the 2024 payout levels approved by the O&C Committee were 169.2% for Messrs. Norcia and Ruud and Ms. Harris, 196.0% for Mr. Stiers, and 163.6% for Mr. Lauer. Payouts for the NEOs under the Long-Term Incentive Plan for 2022 and 2023 ranged from 158% to 195%. For more details of the 2024 payouts see footnote 2 to the “Option Exercises and Stock Vested in 2024” table on page 53.

Restricted Stock:

The restricted stock grants are time-based and generally include a three-year vesting period. The granting of restricted stock allows us to grant executives long-term equity incentives to encourage continued employment. In 2024, restricted stock was granted, representing approximately 30% of the overall Long-Term Incentive Plan grant value, with the restriction period ending on January 31, 2027. The three-year vesting period focuses on long-term value creation and executive retention, and requires continued employment throughout the restriction period. In the event a participant retires (age 65 or age 55 or older with at least 10 years of service), dies or becomes disabled, the participant or beneficiary retains the right to a pro-rated number of restricted shares. In the event employment terminates for any other reason, the participant forfeits all rights to any outstanding restricted shares.

#### Pension and Deferred Compensation

#### Pension Benefits
Substantially all non-represented employees hired prior to 2012, including our Named Executive Officers, are eligible to participate in our tax-qualified pension plan, the DTE Energy Company Retirement Plan. Named Executive Officers are also eligible to participate in our nonqualified pension plans, the DTE Energy Company Supplemental Retirement Plan and the DTE Energy Company Executive Supplemental Retirement Plan.

#### Deferred Compensation
Substantially all non-represented employees, including our Named Executive Officers, are eligible to participate in our tax-qualified 401(k) plan, the DTE Energy Company Savings and Stock Ownership Plan. Our Named Executive Officers are also