X0306 4 2020-05-22 0 0000072903 XCEL ENERGY INC XEL 0001500804 Sheppard James J. 414 NICOLLET MALL MINNEAPOLIS MN 55401 1 0 0 0 Common Stock 2020-05-22 4 A 0 2484.678 0 A 50311.491 D Common Stock 2020-05-22 4 G 0 2484 0 D 47827.491 D Common Stock 2484 I by family trust Includes 0.678 stock equivalent units. Each stock equivalent unit is the economic equivalent of one share of common stock. Whole stock equivalent units are payable in shares of common stock following termination of a reporting person's service as director and fractional units are payable at such time in cash. On May 20, 2020, the reporting person directed the issuance of 2,484 shares received as compensation for service as a director of the issuer to a family trust of which the reporting person and his wife are trustees. The reporting person and members of his immediately family are the sole beneficiaries of the trust. The amount reported includes a balance increase of 45,647.409, which reflects stock equivalent units previously reported on Table II. The reporting person's balance of stock equivalent units was previously reported on Table II and is now being reported on Table I voluntarily pursuant to SEC guidance. Includes 1,179.404 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents. Gioia Gentile, Attorney in Fact for James J. Sheppard 2020-05-27