Form 4: Dominion Energy Director Susan N. Story Reports Acquisition of Common Stock

Director Susan N. Story reports acquiring Dominion Energy common stock through the company's Non-Employee Directors Compensation Plan.

Summary

• On May 7, 2024, Susan N. Story, a director of Dominion Energy, acquired 3,258 shares of common stock at a price of $51.41 per share.
• These shares were issued as part of the annual stock retainer under the Dominion Energy, Inc. Non-Employee Directors Compensation Plan.
• Additionally, Ms. Story acquired 3,648 shares through the annual cash retainer under the same plan, also at $51.41 per share.
• Following these transactions, Ms. Story directly owns 26,346.9164 shares and indirectly owns 17,367.408 shares through a company trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive signal, but it's part of a standard compensation plan.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The acquisitions are part of a pre-existing compensation plan, indicating a structured and transparent approach to director compensation.

Future Outlook

The document does not contain any specific forward-looking statements regarding Dominion Energy's future performance.

Industry Context

Director stock acquisitions are common and often tied to compensation plans. Monitoring insider transactions can provide insights into management's sentiment regarding the company's prospects. This is a routine filing related to director compensation.

Comparison to Industry Standards

• Director compensation plans involving stock grants are a standard practice among publicly traded companies, including peers like Duke Energy (DUK) and Southern Company (SO).
• The specific number of shares granted and the vesting schedules vary based on company size, performance, and compensation philosophy.
• These grants are typically structured to align director interests with shareholder value creation, similar to practices observed at NextEra Energy (NEE) and American Electric Power (AEP).

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence due to the director increasing their stake in the company.
• The compensation plan ensures directors' interests are aligned with those of the shareholders.

Key Dates