Savoy Brian D 4

What Happened Brian D. Savoy, Executive Vice President & Chief Financial Officer of Duke Energy (DUK), had 20,776 performance shares vest on Feb 5, 2026 (reported Feb 9, 2026). The award was recorded as an acquisition (code A) at $0.00. To cover tax withholding related to the vesting, 7,822 shares were surrendered/withheld (code F) at $123.41 per share, generating a tax withholding amount of $965,313.

Key Details

• Transaction date: February 5, 2026; filing date: February 9, 2026 (appears timely).
• Award: 20,776 performance shares granted/vested (code A) — recorded at $0.00.
• Tax withholding: 7,822 shares withheld/disposed (code F) at $123.41 each = $965,313.
• Footnotes:
  • F1 — These were vested performance shares from a Feb 22, 2023 award with a 3‑year performance period deemed satisfied on Feb 5, 2026.
  • F2 — The 7,822 shares were withheld to pay taxes due upon vesting.
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context This was a vesting of performance-based restricted stock (compensation), not an open-market buy or a discretionary sale. The withheld shares were used to satisfy tax obligations (a common cashless-withholding mechanism) rather than to generate cash proceeds for the insider. The filing shows standard reporting of a vested award and associated tax withholding and contains no indication of a 10% owner transaction or a trading plan (e.g., Rule 10b5‑1) in the provided excerpt.