Xcel Energy Inc

1. 1

   Election of 10 director nominees

   ManagementBoard: FOR

   Annual election of ten director nominees to serve until the 2027 annual meeting.

2. 2

   Advisory Vote on Executive Compensation (Say on Pay Vote

   ManagementBoard: FOR

   Non-binding advisory vote to approve the compensation paid to the named executive officers as disclosed in the 2026 proxy statement.

   More detail

   This advisory proposal asks shareholders to approve, on a non-binding basis, the Company’s disclosed executive compensation for named executive officers as presented in the proxy statement. Management seeks shareholder approval to validate its compensation design, which it characterizes as market-based, performance-driven and aligned with long-term shareholder interests; the board and the GCN Committee view the vote as an important feedback mechanism though not binding. The Company’s compensation program links pay to a mix of short- and long-term metrics, including ongoing EPS for annual incentives and multi-year PSUs tied to EPS growth, carbon dioxide emissions reductions, nuclear operations ratings, wildfire mitigation targets, and a relative TSR modifier that can adjust PSU payouts by up to ±30%. The program emphasizes a high proportion of at-risk pay (approximately 90% for the CEO at target) to align executives’ incentives with operational, financial and sustainability outcomes. The board notes prior strong shareholder support (92% in favor in 2025) and uses the advisory vote outcome as one input for future pay-setting and program design decisions. Because the vote is advisory, management retains discretion but commits to consider investor feedback; this dynamic makes the proposal a governance signal rather than a direct constraint. Potential shareholder concerns that could arise include the balance between incentives and risk-taking, the relative weighting of sustainability versus financial metrics, and the use of a TSR modifier that can alter payouts irrespective of absolute company performance; the proxy addresses many of these points by describing governance safeguards (clawbacks, stock ownership guidelines, independent consultant, capped payouts, multi-year vesting). A vote in favor would reaffirm the board’s view that the compensation framework supports long-term value creation and the energy transition objectives; a significant vote against could prompt more substantive engagement and possible program adjustments by the GCN Committee. Overall, the proposal represents a routine but important governance practice to solicit shareholder views on pay alignment and to provide accountability and transparency around compensation outcomes.

3. 3

   Ratification of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for 2026

   ManagementBoard: FOR

   Shareholder ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2026.

Upcoming shareholder meetings at Xcel Energy Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.

When is the Xcel Energy Inc 2026 annual meeting?

Xcel Energy Inc (XEL) holds its 2026 annual shareholder meeting on Wednesday, May 20, 2026.

What is the record date for the Xcel Energy Inc 2026 meeting?

The record date for the Xcel Energy Inc 2026 meeting is Monday, March 23, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Xcel Energy Inc's 2026 meeting?

The board is presenting 10 director nominees at the Xcel Energy Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Xcel Energy Inc 2026 meeting?

Shareholders will vote on 3 proposals at the Xcel Energy Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.