Duke Energy (DUK) EVP adjusts 401(k) and phantom stock positions in routine plan moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Duke Energy EVP and Chief Customer Officer Alexander J. Weintraub reported routine plan-related movements in his Duke Energy interests. A discretionary transaction under Rule 16b-3(f) involved 394 shares of common stock held indirectly through a 401(k) plan at $123.81 per share, bringing his indirect 401(k) holdings to 3,011 shares.
He also reported a discretionary transaction in the Executive Savings Plan, showing 3,265 phantom stock units at $124.56 per unit, each economically equivalent to one share of Duke Energy common stock and generally settled six months after termination of service. Separately, he holds 12,187 shares of common stock directly, with no open-market purchases or sales indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Weintraub Alexander J.
Role
EVP, Chief Customer Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Stock | 394 | $123.81 | $49K |
| I | Executive Savings Plan | 3,265 | $124.56 | $407K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,011 shares (Indirect, By 401(k));
Executive Savings Plan — 3,265 shares (Direct, null);
Common Stock — 12,187 shares (Direct, null)
Footnotes (1)
- Represents interests in an issuer stock fund. The phantom stock units were accrued under the Issuer's Executive Savings Plan (the "Plan"). Phantom stock units are settled six months following the reporting person's termination of service. Prior to settlement, the reporting person may transfer the value of their phantom stock units into alternative investment vehicles in the Plan. Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock.
Key Figures
401(k) transaction size: 394 shares
401(k) transaction price: $123.81/share
Indirect 401(k) holdings: 3,011 shares
+3 more
6 metrics
401(k) transaction size
394 shares
Discretionary transaction in issuer stock fund at $123.81 per share
401(k) transaction price
$123.81/share
Price for 394-share discretionary transaction in common stock
Indirect 401(k) holdings
3,011 shares
Common stock held indirectly through 401(k) after transaction
Direct common stock holdings
12,187 shares
Common stock held directly as of reported date
Phantom stock units
3,265 units
Executive Savings Plan phantom stock, economic equivalent to common shares
Phantom stock reference price
$124.56/unit
Value per phantom stock unit in Executive Savings Plan
Key Terms
Executive Savings Plan, phantom stock units, Rule 16b-3(f), 401(k), +1 more
5 terms
Executive Savings Plan financial
"The phantom stock units were accrued under the Issuer's Executive Savings Plan (the "Plan")."
phantom stock units financial
"The phantom stock units were accrued under the Issuer's Executive Savings Plan (the "Plan")."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Rule 16b-3(f) regulatory
"transaction_code_description": "Discretionary transaction under Rule 16b-3(f)""
401(k) financial
"nature_of_ownership": "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
phantom stock financial
"Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
FAQ
What did Duke Energy (DUK) executive Alexander Weintraub report in this insider disclosure?
Alexander Weintraub reported plan-related, discretionary transactions involving Duke Energy common stock in a 401(k) and phantom stock units in an Executive Savings Plan, plus updated totals of directly and indirectly held Duke Energy shares, with no open-market purchases or sales indicated.
Were there any open-market buys or sells of Duke Energy (DUK) stock by Alexander Weintraub?
The disclosure shows no open-market purchases or sales of Duke Energy common stock. Instead, it reflects discretionary transactions under Rule 16b-3(f) within a 401(k) plan and the Executive Savings Plan, plus an update of his direct share holdings.
What are the key details of Alexander Weintraub’s Duke Energy (DUK) 401(k) transaction?
Weintraub reported a discretionary transaction involving 394 shares of Duke Energy common stock held via a 401(k) stock fund at $123.81 per share, after which his total indirect 401(k) holdings stood at 3,011 shares of the company.
What does the Executive Savings Plan phantom stock position mean for Duke Energy (DUK) exposure?
Weintraub holds 3,265 phantom stock units in the Executive Savings Plan at a reference value of $124.56 per unit. Each phantom unit is economically equivalent to one Duke Energy share and is generally settled six months after termination of service.
What is a discretionary transaction under Rule 16b-3(f) in the context of Duke Energy (DUK)?
A discretionary transaction under Rule 16b-3(f) is a change in a plan investment that qualifies for specific insider-trading exemptions. Here, it covers adjustments in Duke Energy-related holdings within a 401(k) plan and the Executive Savings Plan, rather than market trades.