Form 4: Duke Energy Executive Glenn Acquires Shares Through Performance Vesting, Sells Shares for Tax Obligations
SEC Form 4
Duke Energy's EVP & CEO DEF & Midwest, Robert Alexander Glenn, acquired shares through performance vesting and disposed of shares to cover tax obligations on February 7, 2025.
Summary
- On February 7, 2025, Robert Alexander Glenn, EVP & CEO DEF & Midwest of Duke Energy, acquired 9,094 shares of common stock due to the vesting of performance shares.
- These performance shares were related to an award granted on February 23, 2022, with performance-vesting requirements satisfied on February 7, 2025.
- Glenn also disposed of 2,713 shares of common stock at a price of $114.99 to cover tax obligations related to the vesting of the performance shares.
- Following these transactions, Glenn directly owns 16,368 shares of Duke Energy common stock and indirectly owns 5,358 shares through a 401(k) plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine executive compensation activity (vesting and tax-related sales).
Positives
- The vesting of performance shares indicates that performance goals were met over the three-year performance period.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. Form 4 filings are a standard part of regulatory compliance.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date of the performance share award grant. |
| 02/07/2025 | Date of the transaction: vesting of performance shares and sale of shares for tax obligations. |
| 02/11/2025 | Date of the Form 4 filing. |
Keywords
Duke Energy, Robert Alexander Glenn, performance shares, vesting, Form 4, executive compensation, stock ownership, tax obligations
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