Ducommun (DCO) CEO Stephen Oswald Exercises Options, Sells Shares

What Happened

• Stephen G. Oswald, Chairman, President & CEO and a director of Ducommun (DCO), exercised 10,000 stock options on Aug 17, 2026 (exercise price $32.90) for a cost of $329,000. To cover tax withholding and for additional liquidity he disposed of 6,111 shares to satisfy tax obligations (reported value $1,264,855) and sold 2,500 shares in the open market on Aug 18, 2026 (reported value $509,875). A derivative line in the filing shows the option instrument was converted/terminated as part of the exercise.

Key Details

• Transaction dates: Aug 17–18, 2026; filing date Aug 19, 2026 (appears timely).
• Exercise: 10,000 options exercised at $32.90/share — $329,000 cash paid.
• Dispositions: 6,111 shares (tax withholding) reported at $206.98/share ($1,264,855) and 2,500 shares sold open market at a weighted avg $203.95/share ($509,875).
• Net shares retained from this exercise: 10,000 acquired − 6,111 withheld − 2,500 sold = 1,389 shares retained.
• Shares owned after the transactions (total beneficial ownership) are not specified in the provided filing excerpt.
• Footnotes: F1 notes the sale(s) were executed in multiple trades (prices ranged $202.49–$204.80; weighted-average price reported). F2: options were granted under Ducommun’s Stock Incentive Plan (Rule 16b-3). F3: the option vested in one-third increments on May 14 of 2019, 2020 and 2021.
• Transaction codes: M = option exercise/conversion, F = tax withholding/payment, S = open-market sale.

Context

• This was an options exercise followed by share dispositions to cover taxes and a separate open-market sale — a common "cashless" style outcome where exercised shares are used to satisfy withholding and some shares are sold. These actions are routine insider transactions and should be interpreted as executions of compensation-related options rather than an explicit investment sentiment signal.