Form 4: DTE Energy Executive Reports Stock Disposal
SEC Filing Form 4
JoAnn Chavez, Sr VP & Chief Legal Officer of DTE Energy, reports the disposal of shares to cover tax obligations.
Summary
- JoAnn Chavez, a Senior VP & Chief Legal Officer at DTE Energy, filed a Form 4 with the SEC.
- The filing reports a transaction on February 2, 2025, where 899 shares of common stock were disposed of at a price of $119.88.
- This disposal was likely to cover tax obligations related to vesting of stock.
- Following the transaction, Chavez directly owns 12,768 shares and indirectly owns 806.092 shares through the DTE Energy Company Savings and Stock Ownership Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. It is common for executives to sell shares to cover tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/02/2025 | Date of stock disposal transaction. |
| 02/03/2025 | Date of Plan statement for DTE Energy Company Savings and Stock Ownership Plan. |
| 02/04/2025 | Date of Form 4 filing. |
Keywords
Form 4, DTE Energy, Insider Trading, Stock Disposal, Beneficial Ownership, JoAnn Chavez
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