Oswald Stephen G 4
4 · DUCOMMUN INC /DE/ · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Ducommun (DCO) CEO Stephen Oswald Receives Awards, Sells Shares
What Happened
Stephen G. Oswald, Chairman, President & CEO of Ducommun (DCO), had performance-based awards settle and a portion of the resulting shares withheld/sold to satisfy tax obligations. On March 4, 2026 he received 75,503 shares (performance stock units) and 23,649 shares (performance/revenue RSUs) at $0 as compensation; on March 4 and 5 portions of those awards were reduced (disposed) to cover taxes: 40,583 shares at $139.45 ($5,659,299), 12,712 shares at $139.45 ($1,772,688), and 2,409 shares at $130.19 ($313,628). Total shares acquired = 99,152; total shares withheld/sold = 55,704, with proceeds reported of $7,745,615.
Key Details
- Transaction dates: March 4, 2026 (main settlements and two withholdings) and March 5, 2026 (additional withholding).
- Prices and values of disposals: 40,583 @ $139.45 = $5,659,299; 12,712 @ $139.45 = $1,772,688; 2,409 @ $130.19 = $313,628. Awards were received at $0 (compensation).
- Shares acquired (awards/grants): 75,503 and 23,649 (total 99,152). Filing also notes 279 shares from the Employee Stock Purchase Plan included in totals.
- Shares disposed/withheld for taxes: 55,704 (reduction in shares to satisfy issuer tax withholding).
- Footnotes: awards were performance-based (granted May 8, 2023) and vested on satisfaction of performance criteria; reductions represent shares withheld to cover tax withholding on settlement/vesting.
- Shares owned after the transactions: not specified in the filing.
- Filing date: March 6, 2026. Transactions occurred March 4–5, 2026; filing appears timely (filed within the typical Form 4 reporting window).
Context
This was primarily the settlement of performance stock units and restricted units, with the company withholding/selling part of the vested shares to cover tax obligations (a common, routine practice). These events are not open-market buys or discretionary insider sales for cash gain analysis; they reflect compensation vesting and tax withholding rather than a direct trading signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-03-04+75,503→ 451,439 total - Tax Payment
Common Stock
[F4]2026-03-04$139.45/sh−40,583$5,659,299→ 410,856 total - Award
Common Stock
[F5][F2]2026-03-04+23,649→ 434,505 total - Tax Payment
Common Stock
[F6]2026-03-04$139.45/sh−12,712$1,772,688→ 421,793 total - Tax Payment
Common Stock
[F7]2026-03-05$130.19/sh−2,409$313,628→ 419,384 total
Footnotes (7)
- [F1]Acquired upon the settlement of performance stock units granted on May 8, 2023 under the Ducommun Incorporated Stock Incentive Plan as a result of the satisfaction of performance metrics underlying the award.
- [F2]Granted as compensation for services.
- [F3]The total amount of securities listed includes 279 shares of common stock acquired on January 30, 2026 through the Ducommun Incorporated Employee Stock Purchase Plan.
- [F4]Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement, on March 4, 2026, of 75,503 performance stock units described in footnote (1) above.
- [F5]Represents the vesting of 23,649 performance restricted stock units (n/k/a revenue performance stock units) granted on May 8, 2023 as a result of the satisfaction of performance criteria underlying the award.
- [F6]Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement, on March 4, 2026 of 23,640 performance restricted stock units (n/k/a revenue performance stock units) as described in footnote (5) above.
- [F7]Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the vesting, on March 5, 2026, of 4,480 restricted stock units.