PORGES DAVID L 4
Research Summary
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NextEra Energy (NEE) Director David Porges Receives Award — 41 Units
What Happened David L. Porges, a director of NextEra Energy, received a grant of 41 phantom stock units (derivative award) on 2026-03-16. The units were valued at $92.82 each, for a reported notional value of $3,806. This was an award under the company's deferred compensation arrangement, not an open‑market purchase of common shares.
Key Details
- Transaction date and value: 2026-03-16; 41 units at $92.82 each; total value $3,806. (Reporting filed 2026-03-17.)
- Transaction type/code: Award/Grant (A); reported as a derivative (phantom stock units).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: These are Phantom Stock Units under the NextEra Deferred Compensation Plan; units are theoretical and payable in cash at the end of the deferral period.
- F2: $92.82 is the NYSE closing price used to value the units.
- F3: Unit counts can vary due to the mix of stock and cash in the plan's Stock Fund.
- Timeliness: Filing appears timely (transaction 2026-03-16; report filed 2026-03-17).
Context Phantom stock units are a deferred‑compensation derivative that track the value of company stock but do not transfer actual shares, voting rights, or immediate ownership. Payouts are typically cash‑settled at the end of the deferral period, so this grant does not directly increase outstanding common shares or reflect an open‑market buy or sell.