Duke Energy (DUK) EVP has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Duke Energy EVP Bonnie B. Titone reported two tax-related share dispositions tied to restricted stock vesting. On 850 and 930 RSUs vesting, a total of 774 common shares were withheld at $126.78 per share to cover tax obligations. After these withholdings, she directly holds 24,622 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Titone Bonnie B.
Role
EVP, Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 370 | $126.78 | $47K |
| Tax Withholding | Common Stock | 404 | $126.78 | $51K |
Holdings After Transaction:
Common Stock — 25,026 shares (Direct)
Footnotes (1)
- Represents the number of shares withheld to pay taxes due upon vesting of 850 restricted stock units ("RSUs") related to an RSU award granted February 22, 2023, under the Duke Energy Corporation 2015 Long-Term Incentive Plan. Such RSUs convert into common stock on a one-for-one basis. Represents the number of shares withheld to pay taxes due upon vesting of 930 restricted stock units ("RSUs") related to an RSU award granted February 22, 2024, under the Duke Energy Corporation 2023 Long-Term Incentive Plan. Such RSUs convert into common stock on a one-for-one basis.
FAQ
What did Duke Energy (DUK) executive Bonnie B. Titone report in this Form 4?
Bonnie B. Titone reported tax-withholding dispositions of Duke Energy common stock. A total of 774 shares were withheld upon vesting of restricted stock units, rather than sold in the open market, to satisfy tax liabilities associated with equity compensation.
Were the Duke Energy (DUK) transactions open-market sales by the executive?
No, the transactions were not open-market sales. The Form 4 characterizes them as tax-withholding dispositions, where shares are automatically withheld by the company upon RSU vesting to pay the related tax liability, rather than voluntarily sold into the market.