Form 4: DuPont Executive Chair Sells Shares to Cover Tax Obligations

Edward D. Breen, Executive Chair of DuPont, sold 3,145 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Edward D. Breen, the Executive Chair of DuPont, sold 3,145 shares of the company's common stock on December 13, 2024.
• The sale was executed at a price of $81.02 per share.
• This transaction was to cover tax obligations arising from the early vesting of restricted stock units and dividend equivalent units.
• Following the transaction, Mr. Breen directly owns 290,283.0462 shares of DuPont common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 3,145 shares is relatively small compared to the total holdings of the Executive Chair and is not unusual for this type of transaction.
• Similar transactions are regularly reported by executives at companies like Dow, BASF, and other large chemical and materials companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

DuPont, Executive Chair, Edward D. Breen, stock sale, Form 4, insider trading, tax obligations, restricted stock units, dividend equivalent units