Richard Robert A. 4
Research Summary
AI-generated summary
DTE (DTE) President & COO Richard Robert A. Receives Award, Sells Shares
What Happened
- Richard Robert A., President & COO — DTE Gas, received an award of 5,850.049 shares on 2026-02-04 (reported on Form 4 filed 2026-02-06). To cover tax withholding, 1,029 shares were surrendered (code F) at $135.70 per share for proceeds of $139,635, and 0.049 shares were surrendered to the issuer (code D) for $7. Net shares retained from this award: 4,821.000 shares.
- This was an equity award (grant/acquisition), with the small share dispositions representing routine tax withholding rather than an open-market sale.
Key Details
- Transaction dates: 2026-02-04 (reported 2026-02-06).
- Award: 5,850.049 shares acquired (code A) at $0.00 reported price; withholding dispositions: 1,029 shares @ $135.70 (code F) = $139,635 and 0.049 shares @ $135.70 (code D) = $7.
- Net shares retained from this award: 4,821.000 shares.
- Shares owned after the reported transactions: not specified in the provided filing.
- Footnotes/notes: Dispositions appear to be for tax withholding (codes F and D). No 10b5-1 plan or late-filing indication is noted in the information provided.
Context
- Equity awards that result in withholding of shares for taxes are routine administrative actions and do not necessarily signal an insider taking a market view. This was an award+withholding (not an open-market sale), which is generally neutral for market sentiment.