Form 4: Duke Energy Executive Reports Stock Transactions Following Vesting of Performance Shares

Thomas Preston Gillespie Jr., EVP of Duke Energy, reports acquisition of shares through vesting of performance shares and subsequent disposal to cover tax obligations.

Summary

• On February 7, 2025, Thomas Preston Gillespie Jr., an Executive Vice President at Duke Energy, acquired 12,093 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 vesting requirements satisfied on February 7, 2025.
• Following the acquisition, 3,993 shares were disposed of at a price of $114.99 to cover tax obligations.
• After these transactions, Gillespie directly owns 49,098 shares of Duke Energy common stock.
• Gillespie also indirectly owns 359 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors. Form 4 filings provide transparency into these transactions, allowing investors to track insider sentiment and potential alignment with company performance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates

Keywords

Duke Energy, Gillespie, Stock, Form 4, Performance Shares, Vesting, Tax Obligations, Executive Compensation, Beneficial Ownership