D Form 4: VP Ratliff surrenders 218 shares for tax withholding at $60.9
Rhea-AI Filing Summary
Gary G. Ratliff, Vice President, Controller and CAO of Dominion Energy, Inc. (D), reported a transaction on 10/01/2025 disposing of 218 shares of the company's common stock through a transaction coded F. The disposal was carried out at a price of $60.9 per share and reduced his beneficial ownership to 7,226 shares. The filing explains these shares were used to satisfy tax withholding obligations tied to the vesting of restricted stock granted under the company’s 2014 Incentive Compensation Plan, and the transaction is described as exempt under Rule 16(b)-3. The Form 4 was signed by a power of attorney on 10/02/2025.
Positive
- 218 shares used solely for tax withholding tied to restricted stock vesting
- Transaction reported as exempt under Rule 16(b)-3, indicating plan-compliant transfer
Negative
- Disposition reduced insider direct ownership to 7,226 shares
- Form shows a sale at $60.9 per share which may be viewed as a decrease in holdings
Insights
Routine tax-withholding stock sale by an executive; lowers insider holdings modestly.
The Form 4 shows an executive-level officer disposed of 218 shares at $60.9 in a transaction coded F, which indicates a sale by the reporting person. The filing states the shares were surrendered to satisfy tax withholding on vested restricted stock under the 2014 Incentive Compensation Plan, a common post-vesting action.
This reduces the officer’s direct beneficial ownership to 7,226 shares; the filing treats the transfer as exempt under Rule 16(b)-3, meaning it follows prescribed company equity-plan procedures rather than representing an open-market decision.
Transaction reflects tax withholding, not an independent disposition decision.
The explanation explicitly states the shares were used to satisfy tax withholding obligations arising from restricted stock vesting, which aligns with standard payroll-tax treatment of equity compensation. The filing’s exemption reference confirms the transfer relates to plan administration rather than a discretionary sale.
This is a non-cash settlement mechanism for compensation taxes and does not disclose additional cash proceeds beyond the listed price; the precise tax impact or grant size is not provided in the form.