Ruud David 4
Research Summary
AI-generated summary
DTE Energy CFO Ruud David Receives 14,388-Share Award
What Happened
Ruud David, Vice Chairman and Chief Financial Officer of DTE Energy Co. (DTE), was issued an award of 14,388.42 shares on 2026-02-04 (reported as an acquisition at $0.00). To satisfy tax withholding related to the award, 3,395 shares were transferred (disposed) at $135.70 each for a cash value of $460,701, and an additional 0.42 share was transferred to the issuer (fractional share) for $57. Net of withholdings, David received approximately 10,993 shares. This transaction is an award/vesting event rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-04; filing date: 2026-02-06 (Form 4 accession 0000936340-26-000027).
- Award: 14,388.42 shares acquired at $0.00 (code A).
- Tax withholding: 3,395 shares disposed at $135.70 each = $460,701 (code F).
- Fractional share disposition: 0.42 share disposed at $135.70 = $57 (code D).
- Net new shares retained: ~10,993 shares.
- Shares owned after the transaction: not specified in the provided filing.
- Filing timeliness: filed within standard Form 4 period (not indicated as late).
- Footnote: F indicates shares were withheld/used to satisfy tax obligations; D reflects a fractional-share disposition to the issuer.
Context
This filing reflects an equity award vesting or grant being settled with shares and routine tax withholding; it is not a market sale or purchase signal. For retail investors, awards and the related withholdings are common compensation events and do not by themselves indicate an insider buy/sell opinion.