Duke Energy (NYSE: DUK) EVP awarded RSUs, shares withheld for taxes

Rhea-AI Filing Summary

Duke Energy executive Thomas Preston Gillespie Jr., EVP and Chief Generation Officer, reported equity compensation and related tax withholding in common stock. He received 5,989 restricted stock units (RSUs) under the 2023 Long-Term Incentive Plan, which convert into common shares on a one-for-one basis. One-third of these RSUs vest each year over a 3-year period beginning on February 25, 2027.

The filing also shows a tax-withholding disposition of 925 shares at $129.23 per share to cover taxes on the vesting of 2,128 RSUs from a February 26, 2025 award, rather than an open-market sale. After these transactions, Gillespie holds 60,150 Duke Energy shares directly and 423 shares indirectly through a 401(k) issuer stock fund.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gillespie Thomas Preston Jr.

(Last) (First) (Middle)

525 S. TRYON STREET

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Duke Energy CORP [ DUK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-Chf Gen Off-Entrp Op Excel

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		A		5,989(1)	A	$0	61,075	D
Common Stock	02/26/2026		F		925(2)	D	$129.23	60,150	D
Common Stock								423	I	By 401(k)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting owner received restricted stock units ("RSUs") granted under the Duke Energy Corporation 2023 Long-Term Incentive Plan, which RSU's are settled in common stock on a one-for-one basis upon vesting. 1/3rd of the RSUs vest each year over a 3-year period beginning on February 25, 2027.

2. Represents the number of shares withheld to pay taxes due upon vesting of 2,128 restricted stock units ("RSUs") related to an RSU award granted February 26, 2025, under the Duke Energy Corporation 2023 Long-Term Incentive Plan. Such RSUs convert into common stock on a one-for-one basis.

3. Represents interests in an issuer stock fund.

Remarks:

	/s/ David S. Maltz, attorney-in-fact-for Thomas Preston Gillespie, Jr.	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Duke Energy (DUK) executive Thomas P. Gillespie report in this Form 4?

The Form 4 reports an RSU grant and tax-related share withholding. Thomas P. Gillespie Jr. received 5,989 RSUs and had 925 shares withheld to cover taxes on vesting of earlier RSUs, plus updated direct and 401(k) holdings.

How many restricted stock units were granted to the Duke Energy (DUK) EVP?

Thomas P. Gillespie Jr. was granted 5,989 restricted stock units (RSUs). These RSUs were issued under the Duke Energy Corporation 2023 Long-Term Incentive Plan and will be settled in common stock on a one-for-one basis when they vest.

Why were 925 Duke Energy (DUK) shares disposed of in this filing?

The 925 shares reported as disposed were withheld to pay taxes due on vesting of 2,128 RSUs from a February 26, 2025 award. This is a tax-withholding disposition, not an open-market sale of stock by the executive.

How do the RSUs granted in this Duke Energy (DUK) Form 4 vest over time?

The 5,989 RSUs vest in three equal annual installments. Specifically, one-third vests each year over a 3-year period beginning February 25, 2027, after which vested RSUs are settled in Duke Energy common stock one-for-one.

What is Thomas P. Gillespie Jr.’s Duke Energy (DUK) share ownership after these transactions?

After the reported transactions, Thomas P. Gillespie Jr. directly owns 60,150 Duke Energy common shares. He also has an indirect interest in 423 additional shares held through a 401(k) issuer stock fund, reflecting his retirement-plan holdings.

What plan governs the RSU grant reported by Duke Energy (DUK) in this Form 4?

The RSU grant is issued under the Duke Energy Corporation 2023 Long-Term Incentive Plan. Under this plan, the 5,989 RSUs convert to Duke Energy common stock on a one-for-one basis as they vest over the stated schedule.