Oswald Stephen G 4

What Happened

• Stephen G. Oswald, Chairman, President & CEO (and Director) of Ducommun (DCO), had 4,406 restricted stock units (RSUs) settle on May 14, 2026. To satisfy tax withholding, 2,185 shares were surrendered/withheld at $151.59 per share (total value reported $331,224). Separately, 2,221 shares were returned to the issuer under the company’s Clawback Policy and therefore were not delivered to him.

Key Details

• Transaction dates: May 14, 2026 (report filed May 15, 2026 — timely).
• Tax-withholding: 2,185 shares withheld at $151.59/share, total $331,224 (transaction code F).
• Clawback return: 2,221 shares returned to issuer under the Clawback Policy due to a restatement (transaction code D); no price reported.
• These actions relate to settlement of 4,406 RSUs that vested on May 14, 2026.
• Shares owned after the transactions: not specified in the provided filing details.
• Relevant disclosure: the company referenced its Second Amended and Restated Clawback Policy and a Form 8-K filed May 1, 2026 regarding a financial statement restatement.

Context

• This was not an open-market sale by the CEO expressing opinion on the stock — it was a settlement of RSUs where shares were either withheld to cover taxes or returned under a clawback tied to a prior restatement. Such tax-withholding and clawback-driven dispositions are routine administrative events and do not necessarily indicate personal investment decisions.