DuPont (DD) Form 4: SVP & CIO Exercises Options, Reports Mixed Trades
Steven P. Larrabee, SVP & CIO of DuPont de Nemours (DD), reported a mix of option exercises, open-market purchases and stock sales on 09/15/2025.
Rhea-AI Filing Summary
Steven P. Larrabee, SVP & CIO of DuPont de Nemours (DD), reported a mix of option exercises, open-market purchases and stock sales on 09/15/2025. He exercised 25,633 options at an effective exercise price of $66.06 (options vested) and 13,575 options at $53.50. Following exercises and trades, he purchased shares via market transactions totaling 39,208 and 4,000 shares were sold at weighted prices around $77.18 and $76.98, respectively, producing a weighted average sales price of $77.18235. His direct beneficial ownership after these transactions is reported as 38,585.1905 shares, plus 147.2117 shares held indirectly in a retirement savings plan.
Positive
- Detailed disclosure of exercise prices, share counts and weighted average sale price supports transparency
- Options were exercisable under stated vesting schedules, indicating routine compensation-related activity
- Small indirect holding in a retirement plan is separately disclosed, clarifying ownership structure
Negative
- Insufficient granularity on how many shares were sold at each specific price without request to the filer
- Net change in direct holdings could be material to short-term supply but the filing does not state intent behind sales
Insights
TL;DR Routine insider option exercises and mixed buy/sell trades; modest net change in direct holdings, not a clear directional signal for investors.
The transactions combine option exercises at fixed strike prices and contemporaneous market trades. Exercising 39,208 option-equivalent shares at strikes of $66.06 and $53.50 converted vested compensation into stock, while reported market sales (totaling 43,208 shares) occurred at a weighted average price of $77.18235. The filings show a remaining direct stake of 38,585.1905 shares and a small indirect holding in a retirement plan. For valuation, the exercises realize intrinsic value given the strikes are below the sale prices, but these are individual compensation and liquidity actions rather than corporate-level changes.
TL;DR Disclosure is complete and follows Section 16 reporting norms; transactions appear consistent with option vesting and withholding mechanics.
The Form 4 details option exercises that became exercisable per grant terms and notes option shares may be used to satisfy withholding taxes. The report includes the required weighted-average sale price disclosure and an offer to provide per-price sale allocation on request, which supports transparency. No indications of unusual timing, related-party transfers, or unexplained departures from standard reporting practices are present in the form's contents.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy NQOs) | 25,633 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy NQOs) | 13,575 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,633 | $66.06 | $1.69M |
| Exercise | Common Stock | 13,575 | $53.50 | $726K |
| Sale | Common Stock | 39,208 | $77.19 | $3.03M |
| Sale | Common Stock | 4,000 | $76.98 | $308K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Weighted average sales price of $77.18235. Trades ranged from $77.17 to $77.19. Upon request, the reporting person will provide to the Commission, the issuer and any stockholder full information regarding the number of shares that were sold at each separate price.
- F2. All options became exercisable on December 31, 2021, option shares may be used to satisfy withholding taxes.
- F3. Options become exercisable in three substantially equal installments beginning on the first anniversary of the grant; option shares may be used to satisfy withholding taxes.
FAQ
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What transactions did Steven P. Larrabee report on Form 4 for DD?
Were the exercised options vested and exercisable?
What price range did the reported sales occur at?
AI-generated analysis. How Rhea-AI works. Not financial advice.