Form 4: Duke Energy CEO Lynn Good Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Duke Energy's CEO, Lynn Good, reported the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Lynn Good, CEO of Duke Energy, filed a Form 4 detailing changes in beneficial ownership of Duke Energy Corp [DUK] stock.
- The report indicates the disposal of shares to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- On February 22, 2025, 7,062 shares were disposed of at $115.55 to cover taxes related to RSUs granted on February 22, 2023.
- An additional 7,589 shares were disposed of on February 22, 2025, at $115.55 to cover taxes related to RSUs granted on February 22, 2024.
- On February 23, 2025, 7,048 shares were disposed of at $115.55 to cover taxes related to RSUs granted on February 23, 2022.
- Following these transactions, Lynn Good directly owns 481,186 shares of Duke Energy common stock.
- She also indirectly owns 2,864 shares through a 401(k), 810 shares through a spouse, 52,966 shares through an irrevocable trust, and 121,400 shares through a family trust.
Sentiment
Score: 5
Explanation: The document reflects routine executive stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax planning. The disposal of shares to cover tax obligations upon vesting of RSUs is a standard practice.
Comparison to Industry Standards
- Executive compensation practices, including the use of RSUs, are common across the utility sector.
- Companies like NextEra Energy (NEE) and Southern Company (SO) also utilize RSU grants as part of their executive compensation packages.
- The tax treatment of RSUs and subsequent stock disposals are generally consistent across similar companies.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date of RSU award related to the disposal of 7,048 shares on 02/23/2025. |
| 02/22/2023 | Date of RSU award related to the disposal of 7,062 shares on 02/22/2025. |
| 02/22/2024 | Date of RSU award related to the disposal of 7,589 shares on 02/22/2025. |
| 02/22/2025 | Disposal of 7,062 shares to cover taxes on vesting RSUs. |
| 02/22/2025 | Disposal of 7,589 shares to cover taxes on vesting RSUs. |
| 02/23/2025 | Disposal of 7,048 shares to cover taxes on vesting RSUs. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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