Webster William E. Jr. 4

What Happened
William E. Webster Jr., a director of Duke Energy (DUK), was granted a derivative award on May 7, 2026: 1,602 units priced at $124.87 each for a total reported value of $200,042. The transaction is reported as an "A" (grant/award/acquisition) and involves a derivative instrument that converts to common stock.

Key Details

• Transaction date: 2026-05-07; Price reported: $124.87 per unit; Total value: $200,042.
• Security type: Derivative award (reported as converting to common stock on a 1-for-1 basis — Footnote F1).
• Payout terms: Generally payable upon the reporting person’s termination of service (Footnote F2).
• Expiration: Not applicable (Footnote F3).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing dated 2026-05-11 appears timely (filed within the SEC’s Form 4 deadline).

Context
This is a compensation-related award (not an open-market purchase or sale). As a derivative award that converts 1-for-1 to common stock and is generally payable upon termination, it functions like deferred equity compensation rather than an immediate purchase of tradable shares. Such grants are routine for directors and don’t directly indicate near-term trading intentions.