Form 4: Duke Energy CEO Harry Sideris Reports Stock Transactions

Duke Energy CEO Harry K. Sideris reports disposition of shares to cover taxes upon vesting of restricted stock units and holdings in an issuer stock fund.

Summary

• Harry K. Sideris, CEO of Duke Energy, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, 2,028 shares of common stock were disposed of at a price of $121.07 per share to cover taxes due upon the vesting of restricted stock units.
• These shares were related to a RSU award granted on March 11, 2024, under the Duke Energy Corporation 2023 Long-Term Incentive Plan.
• Following the transaction, Sideris directly owns 79,421 shares of Duke Energy common stock.
• Sideris also indirectly owns 2,453 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions are related to routine compensation practices. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock activity related to vested equity compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Duke Energy, similar to filings made by executives at comparable utilities such as NextEra Energy (NEE) and Southern Company (SO).
• The vesting of RSUs and subsequent sale of shares to cover taxes is a common compensation practice across the industry.
• The number of shares owned by Sideris is within the expected range for a CEO of a company the size of Duke Energy.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover taxes related to executive compensation.

Key Dates

Keywords

Form 4, Duke Energy, Sideris, Stock, Beneficial Ownership, Transaction, RSU