Norcia Gerardo 4
Research Summary
AI-generated summary
DTE Executive Chairman Gerardo Norcia Surrenders 6,903 Shares
What Happened
- Gerardo Norcia, Executive Chairman and Director of DTE Energy Co. (DTE), had 6,903 shares disposed to satisfy tax withholding related to shares acquired under the company's savings and stock ownership plan. The shares were recorded at $134.38 each, totaling approximately $927,625. This was a tax-withholding/disposition (transaction code F), not an open-market purchase or discretionary sale for investment.
Key Details
- Transaction date: February 1, 2026
- Price per share: $134.38; shares disposed: 6,903; total value ≈ $927,625
- Transaction code: F (payment of exercise price or tax liability / tax withholding)
- Footnote: F1 — Includes shares of DTE common stock acquired under the DTE Energy Company Savings and Stock Ownership Plan as of a Plan statement dated February 1, 2026
- Shares owned after transaction: Not disclosed in the provided excerpt
- Filing: Report filed Feb 3, 2026; no late-filing indicator shown in the provided data
Context
- This transaction reflects shares surrendered to cover tax obligations tied to plan-acquired shares (a common, routine administrative action) rather than a directional bet on the stock. Tax-withholding dispositions generally do not indicate the insider is reducing or increasing a market position for investment purposes.