DTE Energy Co. reported an insider ownership change for Brandon David in a Form 4 filed July 2, 2026, covering a transaction dated July 1, 2026. The filing indicates that David received or was credited with derivative securities in the form of DTE Energy phantom stock in connection with the payment of non-employee director fees. The reported security is phantom stock tied to DTE Energy common stock on a 1-for-1 basis. According to the filing’s explanatory notes, the phantom stock was issued under the DTE Energy Company Plan for Deferring the Payment of Non-Employee Director Fees. Rather than being settled in shares, the phantom stock will be settled for cash on a date selected by David as permitted under the plan. The filing also notes that the reported holdings include additional phantom stock acquired through the plan’s dividend reinvestment feature. That means dividend-equivalent amounts under the deferred-fee plan may be automatically converted into additional phantom stock units, increasing the insider’s deferred economic exposure to DTE shares. The excerpt provided does not show the specific number of phantom stock units acquired, the transaction code, the deemed price, or the total number of derivative securities beneficially owned after the transaction. Based on the available details, the action appears to be an equity-linked director compensation deferral rather than an open-market purchase or sale of DTE Energy shares. The filing was signed on David’s behalf by Todd A. Richards as attorney-in-fact on July 2, 2026.