secwatch.observer — SEC 8-K summary
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Issuer:     DTE ENERGY CO (DTE)
CIK:        0000936340
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0000936340-24-000069
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

DTE Energy sets 2024 AIP and LTIP metrics for executives; targets up to 525% salary
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- 2024 AIP measures for DTE Energy execs: Operating EPS (20%), Cash From Operations (20%), Customer Satisfaction (15%), Employee Engagement (5%), Safety (10%), Utility Operating Excellence Index (30%).
- 2024 AIP for DTE Vantage execs: DTE Energy Operating EPS (10%), Vantage Operating Earnings (35%), Cash from Ops (5%), Engagement (5%), Safety (10%), Business Development Index (35%).
- Target awards range from 70% to 135% of base salary for named executive officers; payout can be 0% to 200% based on performance.
- LTIP 2024 grants (payable 2027): targets range from 180% to 525% of salary; performance shares measured over 3 years with 0-200% payout.
- LTIP performance measures: DTE Energy: TSR vs peers (80%) and 3-year cumulative operating EPS (20%). DTE Vantage: TSR vs peers (40%), EPS (10%), long-range earnings growth (50%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936340/000093634024000069/0000936340-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936340/000093634024000069/dte-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000936340-24-000069

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