Form 4: Duke Energy Director Herron Transfers Shares to Trust, Adjusts Holdings

Director John T. Herron transferred shares to a revocable joint trust and adjusted holdings due to dividend reinvestment.

Summary

• John T. Herron, a director at Duke Energy, filed a Form 4 detailing changes in beneficial ownership.
• On May 20, 2024, Herron transferred 1,697 shares of common stock from direct ownership to a revocable joint trust.
• Following this transaction, Herron directly owns 31,648 shares, including 31,646 shares held in a revocable joint trust.
• Subsequent transactions on May 22, 2024, involved the transfer of 200 shares each to different revocable trusts, resulting in holdings of 31,448, 31,248 and 31,048 shares respectively.
• The filing also indicates an increase in share amount due to dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transfers, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure, but the overall number of shares held by the director remains substantial.

Key Dates