Dominion Energy (NYSE: D) director receives 5,005-share compensation award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kington Mark J reported acquisition or exercise transactions in this Form 4 filing.
Dominion Energy director Mark J. Kington received 5,005 common stock units, credited to his account for his annual stock and cash retainers under the Dominion Energy, Inc. Non-Employee Directors Compensation Plan at $62.95 per share in a transaction exempt under Rule 16(b)-3. After this award, he holds 140,628.069 common shares indirectly through a company trust for the director, along with additional direct and joint tenancy holdings reported separately.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kington Mark J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,005 | $62.95 | $315K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 140,628.069 shares (Indirect, By Company Trust for Director);
Common Stock — 81,412.939 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 5,005 shares
Grant price: $62.95 per share
Indirect trust holdings: 140,628.069 shares
+2 more
5 metrics
Stock units granted
5,005 shares
Director compensation award of common stock units
Grant price
$62.95 per share
Valuation of stock units credited under director plan
Indirect trust holdings
140,628.069 shares
Held indirectly by company trust for director after award
Direct holdings
81,412.9394 shares
Dominion Energy common stock held directly
Joint tenancy holdings
12,025.3489 shares
Common stock reported as jointly held
Key Terms
Non-Employee Directors Compensation Plan, stock units, Rule 16(b)-3, joint tenancy, +1 more
5 terms
Non-Employee Directors Compensation Plan financial
"under the Dominion Energy, Inc. Non-Employee Directors Compensation Plan in a transaction"
stock units financial
"Additional stock units credited to the Director's account for annual stock retainer"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Rule 16(b)-3 regulatory
"in a transaction exempt under Rule 16(b)-3."
joint tenancy financial
"nature_of_ownership": "Joint Tenancy""
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transaction did Dominion Energy (D) report for Mark J. Kington?
Dominion Energy reported that director Mark J. Kington received 5,005 common stock units as part of his annual retainers. These stock units were credited under the company’s Non-Employee Directors Compensation Plan in a transaction categorized as a grant or award, not an open-market purchase.
At what price were Mark J. Kington’s Dominion Energy stock units credited?
The 5,005 common stock units granted to Mark J. Kington were credited at $62.95 per share. This price is used to value the stock units awarded under the Non-Employee Directors Compensation Plan for his annual stock and cash retainers as a non-employee director.
Were Mark J. Kington’s Dominion Energy stock units granted under a specific plan?
Yes. The additional stock units were credited under the Dominion Energy, Inc. Non-Employee Directors Compensation Plan. The footnote explains they represent annual stock and cash retainers awarded to Mark J. Kington in a transaction exempt from short-swing profit rules under SEC Rule 16(b)-3.