Form 4: Duke Energy SVP Alexander J. Weintraub Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Alexander J. Weintraub, SVP and Chief Customer Officer of Duke Energy, reported the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Alexander J. Weintraub, a Senior Vice President and Chief Customer Officer at Duke Energy, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of Duke Energy common stock to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- These transactions occurred between February 22, 2025, and February 23, 2025.
- A total of 119, 130, and 114 shares were disposed of on each respective day at a price of $115.55 per share.
- Following these transactions, Weintraub directly owns 6,459 shares of Duke Energy common stock.
- He also indirectly owns 2,508 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (tax-related stock disposal) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates routine tax-related stock disposals, which are common when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of RSU award grant related to the disposal of 119 shares on 02/22/2025. |
| 02/23/2022 | Date of RSU award grant related to the disposal of 114 shares on 02/23/2025. |
| 02/22/2024 | Date of RSU award grant related to the disposal of 130 shares on 02/22/2025. |
| 02/22/2025 | Date of stock disposal to cover taxes from vesting RSUs (119 shares). |
| 02/22/2025 | Date of stock disposal to cover taxes from vesting RSUs (130 shares). |
| 02/23/2025 | Date of stock disposal to cover taxes from vesting RSUs (114 shares). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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