Form 4: Dominion Energy EVP Sells Shares for Tax Obligations

Dominion Energy EVP Edward Baine disposed of 1,315 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• Edward H. Baine, Executive Vice President Utility Operations and President Dominion Energy Virginia (DEV) at Dominion Energy, Inc. (D), reported a transaction.
• On February 1, 2026, Mr. Baine disposed of 1,315 shares of Dominion Energy Common Stock.
• The shares were disposed of at a price of $60.17 per share.
• This transaction was identified with code 'F', indicating shares used to satisfy tax withholding obligations.
• The tax withholding was associated with the vesting of restricted stock granted under the Dominion Energy, Inc. 2014 Incentive Compensation Plan.
• Following this transaction, Mr. Baine directly beneficially owns 42,397.4329 shares of Common Stock.
• Additionally, Mr. Baine indirectly beneficially owns 5,103.6902 shares through the Trustee of an Employee Savings Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine insider transaction for tax purposes and does not provide new information that would alter the investment thesis for Dominion Energy.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing the disposition of shares for tax withholding purposes are a routine occurrence for executives receiving equity compensation. These transactions are typically not indicative of a change in an executive's sentiment towards the company's prospects or a strategic shift, but rather a standard administrative event related to compensation vesting.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an executive for tax purposes, not a sale driven by a change in investment outlook.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by an executive to cover tax obligations associated with restricted stock vesting. It does not provide any new material information about Dominion Energy's financial performance, strategic direction, or operational outlook that would warrant a change in an investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals and market conditions.

Keywords

Dominion Energy, D, Form 4, insider transaction, stock sale, tax withholding, executive compensation, restricted stock