Form 4: Duke Energy SVP Bonnie T. Titone Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Bonnie T. Titone, SVP and Chief Admin Officer at Duke Energy, reported the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 22nd and 23rd, 2025, Bonnie T. Titone, a Senior Vice President and Chief Admin Officer at Duke Energy, disposed of shares of Duke Energy 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 244 shares were disposed of on February 22nd related to the 2023 plan, 267 shares on February 22nd related to the 2024 plan, and 154 shares on February 23rd related to the 2022 plan, all at a price of $115.55 per share.
- Following these transactions, Ms. Titone beneficially owns 17,058 shares of Duke Energy common stock.
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.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Utilities such as NextEra Energy, Southern Company, and Dominion Energy also see similar Form 4 filings from their executives.
- The practice of disposing of shares to cover tax obligations upon vesting of RSUs is standard across publicly traded companies.
- The amounts and frequency of these transactions are typical for executives at large companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
- The disposals do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of RSU award granted under the Duke Energy Corporation 2015 Long-Term Incentive Plan related to the disposal of 244 shares. |
| 02/22/2024 | Date of RSU award granted under the Duke Energy Corporation 2023 Long-Term Incentive Plan related to the disposal of 267 shares. |
| 02/23/2022 | Date of RSU award granted under the Duke Energy Corporation 2015 Long-Term Incentive Plan related to the disposal of 154 shares. |
| 02/22/2025 | Date of stock disposal to cover tax obligations related to vesting RSUs (244 shares and 267 shares). |
| 02/23/2025 | Date of stock disposal to cover tax obligations related to vesting RSUs (154 shares). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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