Ruud David 4
Research Summary
AI-generated summary
DTE CFO David Ruud Sells 1,275 Shares for Tax Withholding
What Happened
- David Ruud, Vice Chairman and Chief Financial Officer of DTE Energy Co. (DTE), had 1,275 shares disposed on February 1, 2026 as a payment of tax liability (reported under code F). The shares were valued at $134.38 each, for a total of approximately $171,335.
- This disposition reflects tax withholding associated with shares acquired under DTE’s employee stock plan rather than an open-market sale for investment purposes.
Key Details
- Transaction date and price: Feb 1, 2026 — 1,275 shares at $134.38 per share (total ≈ $171,335).
- Transaction type/code: F (payment of exercise price or tax liability / share withholding).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: F1 indicates these were shares acquired under the DTE Energy Company Savings and Stock Ownership Plan as of a Plan statement dated Feb 1, 2026.
- Filing date/timeliness: Form filed Feb 3, 2026. This appears to be timely (filed within the typical two-business-day window).
Context
- Withholding dispositions (code F) are routine when companies or plans retain/sell shares to cover taxes from option exercises or vesting; they do not necessarily reflect the insider’s view of the company’s prospects.
- This was not reported as an open-market sale; it’s a tax-related disposition tied to shares acquired under the employee plan.