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

Michele L. Cardiff, SVP, Controller & Chief Accountant of Dominion Energy, sold shares to cover tax withholding obligations related to vesting restricted stock.

Summary

• On February 1, 2025, Michele L. Cardiff, SVP, Controller & Chief Accountant of Dominion Energy, sold 836 shares of common stock at a price of $55.59 per share.
• The sale was executed to satisfy tax withholding obligations associated with the vesting of restricted stock granted under the Dominion Energy, Inc. 2014 Incentive Compensation Plan.
• Following the transaction, Cardiff directly owns 25,781.9099 shares of Dominion Energy common stock.
• Cardiff also indirectly owns 2,490.3951 shares through the Employee Savings Plan and 124 shares jointly with her spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, which is a common practice among corporate executives.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

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

Dominion Energy, Cardiff, insider trading, Form 4, stock sale, tax obligations, restricted stock, executive compensation