DD insider acquires 23,079 shares via PSU-to-RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DuPont de Nemours (DD) reported an insider equity change by its SVP & General Counsel. On October 31, 2025, the officer acquired 23,079.0649 shares of common stock at $0. The update stems from the company’s Electronics business spin-off, where previously granted PSUs were modified into time-based RSUs to preserve value, with original vesting conditions retained.
After the transaction, beneficial ownership stands at 112,101.1276 shares. The totals include dividend equivalent units associated with the converted RSUs and shares acquired via dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoover Erik T.
Role
SVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,079.065 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 112,101.128 shares (Direct)
Footnotes (1)
- On October 31, 2025, in connection with the Issuer's spin-off of its Electronics business (the "Spin-Off"), the People and Compensation Committee (the "Committee") of the Board of Directors of the Issuer approved a modification of the award of 14,050 and 13,149 performance share units ("PSUs") previously granted to the reporting person on May 4, 2023 and February 15, 2024, respectively, which modification is intended to preserve the underlying value of the outstanding PSU awards. As modified, the PSUs were converted into time-based restricted stock units ("RSUs"), with the number of RSUs so converted ("Converted RSUs") determined based on achievement of performance up to the completion of the Spin-Off as determined by the Committee. The Converted RSUs remain subject to the same time-based vesting conditions as those under the original PSU awards. Includes dividend equivalent units associated with the Converted RSUs. Includes acquisition of shares pursuant to dividend reinvestment.
FAQ
What did DuPont (DD) disclose in this Form 4?
The SVP & General Counsel acquired 23,079.0649 shares at $0 on 10/31/2025, reflecting a modification of prior PSU awards into time-based RSUs.
Why were the PSUs converted to RSUs at DuPont (DD)?
In connection with the Electronics business spin-off, the Board Committee converted PSUs into time-based RSUs to preserve the underlying value of the awards.
What prior awards were affected at DuPont (DD)?
PSUs granted on May 4, 2023 (14,050) and February 15, 2024 (13,149) were modified and converted into time-based RSUs.
Do the converted RSUs at DuPont (DD) have new vesting terms?
No. The converted RSUs remain subject to the same time-based vesting conditions as the original PSU awards.