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DTE Energy (NYSE: DTE) director exercises and settles phantom stock
DTE Energy director Gail J. McGovern reported compensation-related stock transactions, which included receiving 1,230 phantom stock units and exercising 1,218.72 phantom units into common shares. These common shares were then disposed of back to the issuer at $140.60 per share. After these transactions, McGovern holds no direct common stock but retains 53,178.83 vested phantom stock units subject to deferral.