Form 4: Dominion Energy Executive Sells Shares to Cover Tax Obligations

Edward H. Baine, President of Utilities Operations & Development at Dominion Energy, sold shares to cover tax obligations related to vesting restricted stock.

Summary

• On February 1, 2025, Edward H. Baine, President Util. Op. & DEV of Dominion Energy, Inc., disposed of 1,243 shares of common stock to satisfy tax withholding obligations.
• The shares were sold at a price of $55.59 per share.
• Following the transaction, Baine directly owns 34,182.0084 shares of Dominion Energy common stock and indirectly owns 4,869.6343 shares through the Employee Savings Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transaction. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of executives selling shares to cover tax obligations arising from the vesting of stock awards.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Dominion Energy, Insider Trading, Beneficial Ownership, Stock Sale, Tax Withholding, Edward H. Baine