Form 4: Dominion Energy Executive Vice President & CFO, Steven D. Ridge, Reports Share Transactions

Dominion Energy's Executive Vice President & CFO, Steven D. Ridge, acquired 175 shares and disposed of 89 shares of common stock on January 23, 2025, related to the vesting of goal-based shares.

Summary

• Steven D. Ridge, Executive Vice President & CFO of Dominion Energy, Inc., reported transactions involving the company's common stock.
• On January 23, 2025, Mr. Ridge acquired 175 shares of common stock at a price of $53.48 per share.
• On the same day, he disposed of 89 shares of common stock at the same price of $53.48 per share.
• The acquisition of shares was related to the vesting of goal-based shares under the 2024 Incentive Compensation Plan.
• The disposal of shares was to cover tax withholding obligations associated with the vesting of these goal-based shares.
• Following these transactions, Mr. Ridge beneficially owns 28,781 shares of Dominion Energy common stock.

Sentiment

Score: 7

Explanation: The document reflects routine executive stock transactions related to compensation, which is a neutral event. The sentiment is slightly positive as it indicates the executive is receiving compensation based on performance.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies. It does not indicate any unusual activity or trend within the industry.

Comparison to Industry Standards

• Executive stock transactions are a common practice across publicly traded companies, particularly in relation to incentive compensation plans.
• The vesting of goal-based shares and subsequent tax withholding is a standard procedure.
• Companies like NextEra Energy, Duke Energy, and Southern Company also have similar executive compensation plans that result in similar filings.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Dominion Energy, Steven D. Ridge, Executive Vice President, CFO, stock transactions, share acquisition, share disposal, incentive compensation, Form 4, beneficial ownership