Form 4: Dominion Energy Executive Sells Shares for Tax Obligations

Dominion Energy's President of Dominion Energy SC, William Keller Kissam, disposed of 1,020 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• William Keller Kissam, President of Dominion Energy SC, reported a transaction involving Dominion Energy, Inc. common stock.
• On February 1, 2026, 1,020 shares of common stock were disposed of at a price of $60.17 per share.
• This disposition was classified as an 'F' transaction, indicating shares used to satisfy tax withholding obligations.
• The shares were related to the vesting of restricted stock granted under the Dominion Energy, Inc. 2014 Incentive Compensation Plan.
• Following this transaction, Mr. Kissam directly owns 19,042 shares and indirectly owns 17,733.9576 shares through an Employee Savings Plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a non-discretionary sale for tax purposes, which is a common occurrence and does not reflect a change in the executive's investment thesis or confidence in the company.

Positives

• The transaction is a non-discretionary sale to cover tax obligations, not a discretionary sale indicating a lack of confidence.
• The executive retains a significant beneficial ownership of 36,775.9576 shares (19,042 direct + 17,733.9576 indirect) after the transaction.

Negatives

• A reduction in direct beneficial ownership by 1,020 shares.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as sales to cover tax obligations upon restricted stock vesting, are common across all industries, particularly in mature utility sectors like Dominion Energy. These transactions are generally not indicative of management's sentiment towards the company's future prospects but rather a standard part of executive compensation and tax planning.

Stakeholder Impact

• Minimal direct impact on shareholders as it's a routine tax-related sale by an executive, not a discretionary sale indicating a change in sentiment.

Key Dates

Recommendation

The transaction is a routine, non-discretionary sale by an executive to cover tax obligations related to restricted stock vesting. It does not signal a change in the company's fundamentals or the executive's long-term view, thus a 'hold' recommendation is appropriate as this event alone does not warrant a change in investment strategy.

Keywords

Dominion Energy, D, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock, William Keller Kissam, Executive Compensation