Form 4: DTE Energy Executive Mark W. Stiers Reports Stock Disposal
SEC Form 4 Filing
Mark W. Stiers, Pres & COO-DTE Vantage & Trad. of DTE Energy Co, reports disposing of 840 shares of common stock to cover tax obligations.
Summary
- On February 2, 2025, Mark W. Stiers, Pres & COO-DTE Vantage & Trad. of DTE Energy Co, disposed of 840 shares of common stock.
- The transaction was executed at a price of $119.88 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercise.
- Following the transaction, Stiers directly owns 41,081 shares of DTE Energy Co.
- Stiers also indirectly owns 8,946.21 shares through a 401K plan as of February 3, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction by an executive. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a disposal of shares, which is a common occurrence for executives to cover tax obligations or diversify their holdings.
Key Dates
| Date | Description |
|---|---|
| 02/02/2025 | Date of the stock disposal transaction. |
| 02/03/2025 | Date of the Plan statement for 401K shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
DTE Energy, Mark W. Stiers, Stock Disposal, Form 4, Insider Trading, Executive Compensation, 401K
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