Redondo Jerry L 4
Research Summary
AI-generated summary
Ducommun (DCO) SVP Jerry L. Redondo Returns/Withholds 1,507 RSUs
What Happened
- Jerry L. Redondo, Senior Vice President, Electrical & Structural Systems at Ducommun (DCO), had 1,507 restricted stock units (RSUs settle) on May 8, 2026.
- To satisfy tax withholding, 748 shares were withheld and reported disposed at $137.23 each (total reported value $102,648). Separately, 759 shares were returned to the issuer under the company’s Clawback Policy (reported as a disposition to the issuer; value not reported).
Key Details
- Transaction date: May 8, 2026. Withholding sale: 748 shares @ $137.23 = $102,648. Return to issuer: 759 shares (value N/A).
- These actions reflect settlement/administrative handling of RSUs (not an open-market sale or new purchase).
- Footnotes: F1 — 748-share reduction represents tax withholding for settlement of 1,507 RSUs. F2 — 759 shares returned per Ducommun’s Second Amended and Restated Clawback Policy following a financial statement restatement (see Form 8‑K filed May 1, 2026).
- Filing timeliness: Report filed May 12, 2026 for a May 8, 2026 transaction (filed after the typical two‑business‑day window).
Context
- This was an administrative disposition tied to RSU settlement and a clawback determination — not a voluntary open‑market sale indicating trading sentiment.
- Codes: F = payment of exercise price or tax liability (here, tax withholding); D = disposition to issuer (here, return under clawback).
- For retail investors: such transactions are common when equity awards vest; the clawback return indicates the company recouped awards based on restated financial results, per its policy.