Form 4: Dominion Energy Executive Edward H. Baine Reports Acquisition of Common Stock

Edward H. Baine, President Util. Op. & DEV at Dominion Energy, reports acquiring common stock through restricted share awards.

Summary

• On February 14, 2025, Edward H. Baine, President Util. Op. & DEV of Dominion Energy, acquired 6,746 shares of common stock at $0.00 per share.
• He also acquired 2,699 shares of common stock at $0.00 per share on the same date.
• These acquisitions increased his direct holdings to 43,627.0084 shares.
• He also indirectly owns 4,869.6343 shares through the Employee Savings Plan.
• The shares were awarded as restricted shares under the Dominion Energy, Inc. 2024 Incentive Compensation Plan and are exempt under Rule 16(b)-3.
• Baine has granted power of attorney to several individuals, including Noopur N. Garg, to handle SEC filings on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of shares by an executive is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Executive stock ownership is a common practice in publicly traded companies and is often viewed as aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including stock awards, are common in the utility industry.
• Companies like Duke Energy, Southern Company, and NextEra Energy also utilize stock-based compensation to incentivize their executives.
• The specific amount and terms of these awards vary based on company size, performance, and individual executive roles.

Stakeholder Impact

• The acquisition of shares by an executive could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Dominion Energy, Edward H. Baine, Form 4, SEC, Beneficial Ownership, Common Stock, Restricted Shares, Incentive Compensation Plan, Power of Attorney