Form 4: DuPont Executive Weaver Reports Stock Transaction

Leland Weaver, President of Water & Protection at DuPont, reports a transaction involving common stock on September 1, 2024, due to an inadvertent administrative error.

Summary

• Leland Weaver, President of Water & Protection at DuPont de Nemours, Inc., filed a Form 4 on September 27, 2024, reporting a transaction involving the company's common stock.
• The transaction, which occurred on September 1, 2024, involved the disposition of 446 shares at a price of $83.92.
• This disposition was due to taxes withheld on lapsed Restricted Stock Units (RSUs) and associated dividend equivalent units.
• Following the reported transaction, Weaver directly owns 24,207.8803 shares of DuPont common stock and indirectly owns 750.3775 shares through a Retirement Savings Plan.
• The filing indicates that the late reporting was due to an inadvertent administrative error.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports a routine stock transaction. The late filing is a minor negative, but the explanation of an administrative error mitigates concern.

Negatives

• The Form 4 filing was submitted late due to an 'inadvertent administrative error'.

Risks

• Late filings, even if due to administrative errors, can raise concerns about compliance with SEC regulations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The information is used by investors to understand the actions of key personnel.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a relatively small number of shares.

Key Dates