Savoy Brian D 4
Research Summary
AI-generated summary
Duke Energy (DUK) EVP & CFO Brian D. Savoy Sells Shares
What Happened
- Brian D. Savoy, EVP & CFO of Duke Energy (DUK), disposed of 14,094 shares between Feb 22–23, 2026.
- 2,094 shares were withheld to satisfy tax withholding on vested RSUs (values: 944 @ $126.78 = $119,680; 1,150 @ $126.78 = $145,797).
- 12,000 shares were sold in the open market across multiple trades (weighted prices: 8,728 @ $127.49 = $1,112,762; 3,272 @ $128.23 = $419,557).
- Total proceeds/consideration across these disposals ≈ $1,797,796. These were sales and tax-withholdings (not purchases).
Key Details
- Transaction dates: Feb 22, 2026 (tax-withholding on RSU vesting) and Feb 23, 2026 (open-market sales).
- Prices/ranges: withheld shares recorded at $126.78 each; open-market sales weighted averages reflect ranges of $126.88–$127.85 (one block) and $127.96–$128.62 (other block) per footnotes. Full per-price breakdown available on request per the filing.
- Shares owned after the transactions: Not reported in the information provided in this summary (not stated in the supplied filing excerpts).
- Footnotes: F1/F2 = shares withheld to cover taxes on RSU vestings (RSUs granted Feb 22, 2023 and Feb 22, 2024; convert 1-for-1 to common stock). F3/F4 = weighted-average sale-price notes and price ranges.
- Timeliness: Form 4 filed on Feb 24, 2026; transactions on Feb 22–23, 2026 were reported within the required two-business-day window (filing appears timely).
Context
- These disposals combine routine RSU tax-withholding (F code) and open-market sales (S code). RSU tax-withholdings are common when awards vest; the filing shows no option exercise or 10b5-1 trading plan referenced.
- For retail investors: sales by executives are common and do not by themselves indicate a change in company fundamentals. Purchases signal more actionable bullish insider conviction; this filing documents routine tax-related withholding plus partial liquidation via open-market sales.