Clawback-driven stock sale by Ducommun (NYSE: DCO) senior executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ducommun Inc. senior vice president Jerry L. Redondo reported several stock transactions tied to the company’s clawback policy. On May 14, 2026, he sold 5,682 shares of common stock in an open-market transaction at $154.36 per share.
Footnotes explain that this sale’s proceeds will be used to satisfy obligations under Ducommun’s Second Amended and Restated Clawback Policy, which applies following a restatement and revision of previously issued financial statements. On the same date, 898 shares were withheld to cover tax obligations on the settlement of 1,810 restricted stock units, and 912 shares were returned to the issuer under the clawback policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,682 shares ($877,074)
Net Sell
3 txns
Insider
Redondo Jerry L
Role
S.V.P., Elec. & Struc. Systems
Sold
5,682 shs ($877K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 898 | $151.59 | $136K |
| Disposition | Common Stock | 912 | $0.00 | -- |
| Sale | Common Stock | 5,682 | $154.36 | $877K |
Holdings After Transaction:
Common Stock — 68,628 shares (Direct, null)
Footnotes (1)
- Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement, on May 14, 2026, of 1,810 restricted stock units. In connection with the operation of the Issuer's Second Amended and Restated Clawback Policy (the "Clawback Policy") with respect to the restatement and revision of the Issuer's previously issued financial statements, as reported in the Issuer's Form 8-K filed on May 1, 2026, the Issuer determined that the Reporting Person would not have earned certain compensation had such compensation been determined based on the restated financial statements. As a result, 1,810 restricted stock units that vested on May 14, 2026 were not delivered to the Reporting Person and 912 shares of the Issuer's common stock were returned to the Issuer in accordance with the Issuer's Clawback Policy. The reported sale was consummated to satisfy the Reporting Person's obligations in connection with the operation of the Issuer's Second Amended and Restated Clawback Policy (the "Clawback Policy") with respect to the restatement and revision of the Issuer's previously issued financial statements, as reported in the Issuer's Current Report on Form 8-K filed on May 1, 2026. In connection with the foregoing, the Issuer determined that the Reporting Person would not have earned certain compensation had such compensation been determined based on the restated financial statements. As a result, the proceeds from the current transaction will be applied to satisfy the Reporting Person's obligations with respect to the Clawback Policy. All shares were sold at the exact price indicated. The average sales price calculation is not applicable.
Key Figures
Open-market sale: 5,682 shares at $154.36
Tax withholding shares: 898 shares
RSUs settled: 1,810 restricted stock units
+1 more
4 metrics
Open-market sale
5,682 shares at $154.36
Common stock sale on May 14, 2026
Tax withholding shares
898 shares
Withheld to satisfy tax on RSU settlement May 14, 2026
RSUs settled
1,810 restricted stock units
RSUs settled on May 14, 2026
Shares returned under clawback
912 shares
Returned to issuer under clawback policy
Key Terms
Second Amended and Restated Clawback Policy, restricted stock units, restatement and revision of the Issuer's previously issued financial statements, Current Report on Form 8-K, +1 more
5 terms
Second Amended and Restated Clawback Policy regulatory
"In connection with the operation of the Issuer's Second Amended and Restated Clawback Policy"
restricted stock units financial
"settlement, on May 14, 2026, of 1,810 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
restatement and revision of the Issuer's previously issued financial statements financial
"with respect to the restatement and revision of the Issuer's previously issued financial statements"
Current Report on Form 8-K regulatory
"as reported in the Issuer's Current Report on Form 8-K filed on May 1, 2026"
A current report on Form 8-K is a document that publicly traded companies file to promptly share important news or events that could affect their financial position or stock price, such as major business changes or legal issues. It helps investors stay informed about timely developments, allowing them to make better decisions about buying or selling shares.
tax withholding obligations financial
"reduction in shares to satisfy the tax withholding obligations of the Issuer"
FAQ
What insider transaction did Ducommun (DCO) report for Jerry L. Redondo?
Ducommun reported that senior vice president Jerry L. Redondo sold 5,682 shares of common stock on May 14, 2026 at $154.36 per share. The Form 4 also shows additional non-market dispositions related to tax withholding and the company’s clawback policy.
Why did Jerry L. Redondo’s Ducommun (DCO) stock sale occur?
The reported sale was carried out to meet obligations under Ducommun’s Second Amended and Restated Clawback Policy. Footnotes state the proceeds will be applied to compensation that the company determined would not have been earned after restating prior financial statements.
How is Ducommun’s (DCO) prior financial restatement linked to this Form 4?
Footnotes reference a previously reported restatement and revision of Ducommun’s financial statements disclosed in a Form 8-K filed May 1, 2026. Under the clawback policy, certain compensation and related shares to Jerry L. Redondo were adjusted as a result.