Form 4: Duke Energy Executive Thomas Gillespie Jr. Reports Stock Disposals for Tax Obligations

Thomas Preston Gillespie Jr., an executive at Duke Energy, reported disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 22 and 23, 2025, Thomas Preston Gillespie Jr., an EVP 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 Duke Energy's Long-Term Incentive Plans.
• A total of 743 shares were disposed of at a price of $115.55 on February 22, 2025, related to RSUs granted on February 22, 2023.
• An additional 1,009 shares were disposed of at the same price on February 22, 2025, related to RSUs granted on March 11, 2024.
• Furthermore, 608 shares were disposed of at $115.55 on February 23, 2025, related to RSUs granted on February 23, 2022.
• Following these transactions, Gillespie directly owns 46,738 shares of Duke Energy common stock and indirectly owns 363 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The transactions reported here are related to tax obligations arising from the vesting of RSUs, a common form of executive compensation.

Stakeholder Impact

• The stock disposals by an executive could have a minor, short-term impact on shareholders due to the increased selling pressure, but the overall impact is likely to be minimal.

Key Dates