Form 4: Duke Energy EVP & CFO Brian Savoy Reports Share Transactions

Brian Savoy, EVP & CFO of Duke Energy, reports acquisition of shares through vested performance awards and subsequent disposal to cover tax obligations.

Summary

• On February 7, 2025, Brian Savoy, EVP & CFO of Duke Energy, acquired 15,485 shares of common stock related to vested performance shares from an award granted on February 23, 2022.
• These performance shares had vesting requirements measured over a three-year performance period.
• Simultaneously, Savoy disposed of 5,482 shares of common stock at a price of $114.99 to cover taxes due upon the vesting of the performance shares.
• Following these transactions, Savoy directly owns 52,050 shares of Duke Energy common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance shares suggests the achievement of company goals. The transactions themselves are routine and expected.

Positives

• The vesting of performance shares indicates that performance goals were met over the three-year performance period.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance-based compensation for a key executive.

Stakeholder Impact

• The vesting of performance shares aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates

Keywords

Duke Energy, Brian Savoy, EVP & CFO, Form 4, Share Transactions, Performance Shares, Vesting, Tax Obligations, Beneficial Ownership, DUK