Form 4: Duke Energy Executive Glenn Sells Shares to Cover Tax Obligations on Vesting RSUs
SEC Form 4
EVP & CEO of Duke Energy, Robert Alexander Glenn, disposed of shares to cover tax obligations related to vesting restricted stock units (RSUs).
Summary
- Robert Alexander Glenn, EVP & CEO of Duke Energy, filed a Form 4 indicating changes in beneficial ownership.
- On February 22, 2025, Glenn disposed of 607 shares of common stock at $115.55 to cover taxes on vesting RSUs granted on February 22, 2023.
- An additional 802 shares were disposed of on February 22, 2025, at $115.55 to cover taxes on vesting RSUs granted on March 11, 2024.
- On February 23, 2025, Glenn disposed of 458 shares at $115.55 to cover taxes on vesting RSUs granted on February 23, 2022.
- Following these transactions, Glenn directly owns 14,501 shares of Duke Energy common stock and indirectly owns 5,358 shares through a 401(k).
- The RSUs convert into common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to non-public information.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to tax obligations and represent a small percentage of the outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of RSU award related to the disposal of 607 shares. |
| 03/11/2024 | Date of RSU award related to the disposal of 802 shares. |
| 02/23/2022 | Date of RSU award related to the disposal of 458 shares. |
| 02/22/2025 | Date of disposal of 607 shares and 802 shares. |
| 02/23/2025 | Date of disposal of 458 shares. |
| 02/25/2025 | Date of signature on the Form 4. |
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