Form 4: Duke Energy Executive Renjel Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Louis E. Renjel, EVP and Chief Corporate Affairs at Duke Energy, reported disposing of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On February 22nd and 23rd, 2025, Louis E. Renjel, an executive at Duke Energy, disposed of common stock to cover tax obligations.
- These disposals were related to the vesting of restricted stock units (RSUs) granted under the company's long-term incentive plans.
- The transactions involved the disposal of 767, 1,025, 441, 497, and 428 shares on the respective dates, all at a price of $115.55.
- Following these transactions, Renjel directly owns 17,003 shares of Duke Energy common stock and indirectly owns 1,395 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment regarding the company's prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. These transactions are closely monitored by investors for insights into executive sentiment and company performance.
Key Dates
| Date | Description |
|---|---|
| February 22, 2023 | Date of RSU award grant related to the disposal of 767 shares. |
| February 22, 2024 | Date of RSU award grant related to the disposal of 1,025 and 441 shares. |
| February 23, 2022 | Date of RSU award grant related to the disposal of 497 and 428 shares. |
| February 22, 2025 | Date of stock disposal of 767, 1,025 and 441 shares to cover tax obligations. |
| February 23, 2025 | Date of stock disposal of 497 and 428 shares to cover tax obligations. |
| February 25, 2025 | Date of Form 4 filing. |
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