Form 4: Duke Energy Executive Julia Janson Reports Stock Transactions
SEC Form 4 Filing
EVP & CEO of Duke Energy Carolinas, Julia Janson, reports the withholding of shares to cover taxes upon vesting of restricted stock units.
Summary
- Julia Janson, EVP & CEO of Duke Energy Carolinas, filed a Form 4 detailing changes in beneficial ownership of Duke Energy Corp stock.
- The report indicates that shares were withheld to cover tax obligations related to the vesting of restricted stock units (RSUs).
- On February 22, 2025, 1,256 shares were withheld at a price of $115.55 related to RSUs granted on February 22, 2023.
- Additionally on February 22, 2025, 1,495 shares were withheld at a price of $115.55 related to RSUs granted on March 11, 2024.
- On February 23, 2025, 1,131 shares were withheld at a price of $115.55 related to RSUs granted on February 23, 2022.
- Following these transactions, Janson directly owns 68,741 shares and indirectly owns 3,564 shares through a 401(k).
- She also holds 20,988 shares in a revocable trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. It is typical for executives to have shares withheld to cover tax obligations when RSUs vest.
Comparison to Industry Standards
- Executive compensation practices, including the use of RSUs, are common across the utility industry.
- Companies like NextEra Energy (NEE) and Southern Company (SO) also utilize RSU grants as part of their executive compensation packages.
- The vesting schedules and tax withholding practices observed in this filing are generally consistent with industry norms.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of RSU award related to the withholding of 1,256 shares on 02/22/2025. |
| 03/11/2024 | Date of RSU award related to the withholding of 1,495 shares on 02/22/2025. |
| 02/23/2022 | Date of RSU award related to the withholding of 1,131 shares on 02/23/2025. |
| 02/22/2025 | Date of stock withholding transaction for 1,256 shares to cover taxes on RSUs. |
| 02/22/2025 | Date of stock withholding transaction for 1,495 shares to cover taxes on RSUs. |
| 02/23/2025 | Date of stock withholding transaction for 1,131 shares to cover taxes on RSUs. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.