Form 4: Duke Energy Executive Sells Shares for Tax Obligations
Insider Transaction Report
Duke Energy's EVP, Chief Customer Officer, Alexander J. Weintraub, disposed of 247 common shares to cover tax liabilities from RSU vesting.
Summary
- Alexander J. Weintraub, Executive Vice President and Chief Customer Officer of Duke Energy Corporation (DUK), reported a transaction on February 22, 2026.
- The transaction involved the disposition of 247 shares of common stock at a price of $126.78 per share.
- These shares were withheld to pay taxes due upon the vesting of restricted stock units (RSUs).
- Specifically, 118 shares were withheld from an RSU award granted on February 22, 2023, under the 2015 Long-Term Incentive Plan.
- An additional 129 shares were withheld from an RSU award granted on February 22, 2024, under the 2023 Long-Term Incentive Plan.
- Following these transactions, Mr. Weintraub directly beneficially owns 20,907 shares of common stock (10,518 + 10,389) and indirectly owns 2,596 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. It is a standard, non-discretionary transaction related to executive compensation and tax obligations, not indicative of a change in company fundamentals or executive sentiment.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that this Form 4 filing is a routine disclosure of an insider transaction, specifically the withholding of shares to satisfy tax obligations upon the vesting of restricted stock units. Such transactions are common for executives receiving equity-based compensation and do not typically reflect broader industry trends or competitive positioning within the utilities sector.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company strategy or financial health.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Grant date of a Restricted Stock Unit (RSU) award under the Duke Energy Corporation 2015 Long-Term Incentive Plan. |
| 02/22/2024 | Grant date of a Restricted Stock Unit (RSU) award under the Duke Energy Corporation 2023 Long-Term Incentive Plan. |
| 02/22/2026 | Transaction date for the disposition of common stock to cover tax liabilities upon RSU vesting. |
| 02/24/2026 | Filing date of the Statement of Changes in Beneficial Ownership (Form 4). |
Keywords
Duke Energy, DUK, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation
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.