DuPont Insider Filing: Steven Larrabee Exercises Options and Sells Shares
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 | -- |
| Exercise | Stock Options (Right to Buy NQOs) | 13,575 | $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 (1)
- 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. All options became exercisable on December 31, 2021, option shares may be used to satisfy withholding taxes. 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.
