Form 4: DuPont Executive Chair Breen Adjusts Stock Holdings

Edward D. Breen, Executive Chair of DuPont de Nemours, Inc., reported recent changes in his beneficial ownership of common stock, including acquisitions from GRATs and dispositions to fund a new GRAT.

Summary

• Edward D. Breen, Executive Chair and Director of DuPont de Nemours, Inc. (DD), reported changes in his beneficial ownership of common stock.
• On August 12, 2025, Mr. Breen acquired 13,754 shares of common stock at a price of $0, representing annuity payments back from 2021 GRAT 19 and 2021 GRAT 20.
• Following this acquisition, his beneficial ownership was 165,405.7751 shares, which includes shares acquired via dividend reinvestment.
• On August 20, 2025, Mr. Breen disposed of 28,111 shares of common stock at a price of $0, which represents the funding of a new GRAT 2025-7.
• After these transactions, Mr. Breen's direct beneficial ownership stands at 137,294.7511 shares.

Sentiment

Score: 5

Explanation: Neutral. The filing reports routine insider transactions by Executive Chair Edward D. Breen, involving the acquisition of shares from existing Grantor Retained Annuity Trusts (GRATs) and the disposition of shares to fund a new GRAT. These are primarily estate planning activities and do not reflect a change in the company's operational performance or strategic outlook.

Positives

• Acquisition of 13,754 shares on August 12, 2025, through annuity payments from existing Grantor Retained Annuity Trusts (GRATs), indicating a structured return of assets to Mr. Breen.
• Beneficial ownership includes shares acquired via dividend reinvestment, suggesting ongoing participation in company performance.

Negatives

• Disposition of 28,111 shares on August 20, 2025, to fund a new GRAT, which reduces direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent routine insider activity related to estate planning and are not expected to have a significant direct impact on the company's share price or operational performance. The net decrease in direct beneficial ownership from these specific transactions is part of a structured personal financial plan.

Key Dates

Recommendation

The filing details routine insider transactions by Executive Chair Edward D. Breen, involving the acquisition of shares from existing GRATs and the disposition of shares to fund a new GRAT. These transactions are primarily for estate planning purposes and do not reflect a change in the company's operational performance or strategic direction. While there's a net decrease in direct beneficial ownership from these specific transactions, the overall context of GRATs and dividend reinvestment suggests a neutral impact on the investment thesis for DuPont de Nemours, Inc. Therefore, a 'hold' recommendation is appropriate based solely on this Form 4.

Keywords

DuPont de Nemours, DD, Edward D. Breen, Form 4, Insider Trading, Stock Transactions, Executive Chair, GRAT, Beneficial Ownership