[Form 4] DuPont de Nemours, Inc. Insider Trading Activity
Edward D. Breen, Executive Chair and director of DuPont de Nemours (DD), reported changes in his beneficial ownership of common stock. On 08/12/2025 he received 13,754 shares as annuity payments from prior 2021 GRATs and through dividend reinvestment, bringing his post-transaction holdings to 165,405.7751 shares. On 08/20/2025 he recorded a disposition of 28,111 shares related to funding a new GRAT (2025-7), leaving 137,294.7511 shares beneficially owned. The filing notes the 13,754 shares were received at no cash price and the 28,111 shares were disposed of at no cash price. The report was submitted by power of attorney.
- Received 13,754 shares as annuity payments from 2021 GRATs, increasing holdings via non-market transfer
- Dividend reinvestment contributed to aggregate ownership, indicating continued accumulation through corporate programs
- Disclosure specifies that dispositions were for funding a new GRAT (2025-7), clarifying the transaction purpose
- Disposition of 28,111 shares reduced reported beneficial ownership from 165,405.7751 to 137,294.7511 shares
- Transactions recorded at $0 indicate internal transfers rather than market activity, reducing transparency about implied valuation
Insights
TL;DR: Insider received annuity shares and later reduced holdings to fund a new GRAT, causing a modest net decline in reported holdings.
The transactions show an inflow of 13,754 shares from annuity payments and dividend reinvestment, then an outflow of 28,111 shares tied to funding GRAT 2025-7. Net reported beneficial ownership declined by 28,111 - 13,754 = 14,357 shares between the two transactions, leaving 137,294.7511 shares. The zero-dollar prices reported indicate these were internal transfers rather than open-market buys or sales. For investors, this pattern is operational/estate-planning in nature rather than a signal of trading for cash proceeds.
TL;DR: Transactions reflect estate-planning actions (GRAT activity and dividend reinvestment) rather than executive cash-sale behavior.
The form explicitly attributes the received shares to annuity payments from 2021 GRATs and the disposed shares to funding a new GRAT (2025-7). Reporting via power of attorney is documented. These disclosures are consistent with standard insider reporting for deferred/estate arrangements and show appropriate transparency about the nature of beneficial ownership changes.