Duke Energy (DUK) EVP uses company shares to cover RSU tax obligations

Rhea-AI Filing Summary

Duke Energy executive Thomas Preston Gillespie Jr. reported share dispositions tied to restricted stock unit (RSU) vesting rather than open‑market sales. On February 22, 2026, he used 1,742 shares of common stock, at $126.78 per share, to cover tax obligations on two RSU awards granted in 2023 and 2024. After these tax-withholding dispositions, he directly owned 55,086 common shares and indirectly held 420 shares through a 401(k) issuer stock fund.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Gillespie Thomas Preston Jr.

Role EVP-Chf Gen Off-Entrp Op Excel

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	739	$126.78	$94K
Tax Withholding	Common Stock	1,003	$126.78	$127K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 56,089 shares (Direct); Common Stock — 420 shares (Indirect, By 401(k))

Footnotes (1)

1. Represents the number of shares withheld to pay taxes due upon vesting of 1,700 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 2,307 restricted stock units ("RSUs") related to an RSU award granted March 11, 2024, under the Duke Energy Corporation 2023 Long-Term Incentive Plan. Such RSUs convert into common stock on a one-for-one basis. Represents interests in an issuer stock fund.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

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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)
02/22/2026

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	02/22/2026		F		739(1)	D	$126.78	56,089	D
Common Stock	02/22/2026		F		1,003(2)	D	$126.78	55,086	D
Common Stock								420	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. Represents the number of shares withheld to pay taxes due upon vesting of 1,700 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.

2. Represents the number of shares withheld to pay taxes due upon vesting of 2,307 restricted stock units ("RSUs") related to an RSU award granted March 11, 2024, 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.	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

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

Thomas Preston Gillespie Jr. reported share dispositions used to pay taxes on vesting RSUs, not open-market sales. The transactions reflect tax-withholding related to equity compensation rather than a change in investment view on Duke Energy stock.

How many Duke Energy (DUK) shares were used for tax withholding?

Gillespie used 1,742 Duke Energy common shares for tax withholding, in two blocks of 739 and 1,003 shares. These shares covered taxes due upon vesting of restricted stock units that convert into common stock on a one-for-one basis.

At what price were the Duke Energy (DUK) tax-withholding shares valued?

The withheld Duke Energy shares were valued at $126.78 per share for both transactions. This price is used solely for calculating the tax-withholding disposition value, not as an indication of an open-market sale or purchase in this Form 4.

What RSU awards triggered the Duke Energy (DUK) tax-withholding dispositions?

The dispositions related to vesting of 1,700 RSUs granted February 22, 2023, and 2,307 RSUs granted March 11, 2024. Both awards were issued under Duke Energy long-term incentive plans and convert into common stock on a one-for-one basis.

How many Duke Energy (DUK) shares does Thomas Gillespie hold after these transactions?

After the tax-withholding dispositions, Gillespie directly held 55,086 Duke Energy common shares. He also indirectly held 420 additional shares through a 401(k) issuer stock fund, reflecting retirement-plan exposure separate from his directly owned holdings.

Does this Duke Energy (DUK) Form 4 indicate an open-market sale by the executive?

No, the Form 4 shows tax-withholding dispositions coded as “F,” not open-market sales. Shares were withheld by the issuer to satisfy tax liabilities from RSU vesting, a common administrative feature of equity compensation programs.