---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-21-000069"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2021-08-23T23:59:59+00:00"
generated_at: "2026-06-29T08:31:30.507534+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Xcel Energy promotes Timothy O'Connor to EVP & COO; base salary raised to $750K

## Summary
- Timothy O'Connor elected EVP and Chief Operations Officer, overseeing nuclear, generation, supply chain, transmission, and natural gas.
- Base salary increased from $610,000 to $750,000 per year, effective August 18, 2021.
- Target bonus under Annual Incentive Award Plan increased from 75% to 85% of base salary.
- Received additional long-term incentive award with target grant date fair value of $400,000 for 2021–2023.

## SEC filing metadata
- accession: 0000072903-21-000069
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2021-08-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290321000069/0000072903-21-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290321000069/xel-20210818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-21-000069
- JSON: https://secwatch.observer/filing/0000072903-21-000069.json
- Plain text: https://secwatch.observer/filing/0000072903-21-000069.txt

## Key facts
- Executive change
  Timothy O'Connor was elected as Executive Vice President and Chief Operations Officer at XCEL ENERGY INC.
  - Action: elected
  - Role: Executive Vice President and Chief Operations Officer
  source text: On August 18, 2021, the Xcel Energy Inc. (“Xcel Energy”) Board of Directors (“Board”) elected Timothy O’Connor as Executive Vice President and Chief Operations Officer overseeing nuclear generation, energy supply, supply chain, commercial operations, distribution, transmission and Xcel Energy’s natural gas business.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72903/000007290321000069/0000072903-21-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.