DD Form 4: SVP/CIO exercises options and reports sales in Sept 2025
Rhea-AI Filing Summary
DuPont de Nemours insider activity: Steven P. Larrabee, Senior Vice President & Chief Information Officer, reported option exercise and sales in early September 2025. On 09/04/2025 he exercised 25,000 stock options with an exercise price of $66.06 (code M), resulting in acquisition of 25,000 shares. He sold 25,000 shares on 09/04/2025 at $76.50 and sold an additional 6,000 shares on 09/05/2025 at $78.00. After these transactions he beneficially owned 42,585.1905 shares directly and 147.2117 shares indirectly through the Retirement Savings Plan. The filing notes dividend reinvestment contributed to the reported holdings and that the exercised options were fully exercisable as of 12/31/2021.
Positive
- Options were fully exercisable as of 12/31/2021, enabling lawful exercise and sale
- Filing discloses dividend reinvestment and provides clear post-transaction ownership figures
Negative
- Insider sold a majority of acquired shares (25,000 sold same day plus 6,000 next day), reducing direct stake
- Net direct holdings decreased to 42,585.1905 shares after transactions
Insights
TL;DR: Insider exercised vested options then sold shares across two days, leaving a modest remaining direct stake.
These are routine Section 16 transactions: exercise of previously vested non-qualified options and subsequent open-market sales. The exercise price of $66.06 and immediate sales at $76.50 and $78.00 realize a built-in gain per share. The filings show the options were fully exercisable since 12/31/2021 and that some holdings reflect dividend reinvestment. The remaining direct beneficial ownership after the trades is 42,585.1905 shares, with a small indirect holding in the company retirement plan. This disclosure is material for monitoring insider liquidity and compensation realization but does not itself change company fundamentals.
TL;DR: Transactions appear consistent with routine option exercise and scheduled sales; disclosure meets Section 16 reporting requirements.
The report identifies the reporting person as an officer (SVP & CIO) and discloses option exercise (code M) and subsequent sales (code S). The explanatory note clarifies dividend reinvestment and that options were exercisable since 2021. The filing is signed by power of attorney, dated 09/08/2025. From a governance perspective, documentation is complete and provides necessary transparency about insider monetization and remaining holdings.