Earnings Feed
Start Free
DUCOMMUN INC /DE/·4

Mar 6, 4:57 PM ET

Redondo Jerry L 4

Research Summary

AI-generated summary

Updated

Ducommun (DCO) SVP Jerry Redondo Receives Awards; Shares Withheld

What Happened Jerry L. Redondo, Senior Vice President, Electronic & Structural Systems at Ducommun (DCO), had performance and restricted stock awards settle in early March 2026 and had shares withheld to satisfy tax-withholding obligations. On March 4, 2026 he was credited with 9,261 shares (PSU settlement) and 2,390 shares (award compensation) at $0.00 per share. To cover taxes, 4,978 of those shares were withheld/disposed on March 4 at $139.45 each (proceeds $694,182) and a further 986 shares were withheld/disposed on March 5 at $130.19 each (proceeds $128,367). Total withholding proceeds were approximately $822,549.

Key Details

  • Transaction dates and prices:
    • 2026-03-04: +9,261 shares (awarded, $0.00) — PSU settlement.
    • 2026-03-04: -4,978 shares withheld at $139.45 (disposed) — $694,182.
    • 2026-03-04: +2,390 shares (awarded, $0.00) — compensation grant.
    • 2026-03-05: -986 shares withheld at $130.19 (disposed) — $128,367.
  • Total shares awarded: 11,651; total shares withheld/disposed for taxes: 5,964.
  • Filing: Form 4 filed 2026-03-06 for transactions reported as of 2026-03-04 — appears to be filed within the standard two-business-day window.
  • Footnotes of note:
    • F1: 9,261 shares from settlement of performance stock units granted May 8, 2023.
    • F2: 2,390 shares granted as compensation for services.
    • F3: The totals include 77 shares acquired 2026-01-30 via the Employee Stock Purchase Plan.
    • F4/F5: The disposals represent share reductions by the issuer to satisfy tax withholding on the March 4 PSU settlement and March 5 RSU settlement, respectively.
  • Shares owned after the transactions: not specified in the provided filing details.

Context These transactions reflect equity award settlements and routine issuer share-withholding to cover tax liabilities (a cashless-like withholding), not open-market sales. The awards were granted as compensation or settled based on performance metrics; withholding reduced the delivered shares and generated approximately $822.5k in proceeds to cover taxes. Such withholding is common and does not necessarily indicate an insider buying or selling for investment reasons.