Ghartey-Tagoe Kodwo 4

What Happened

• Ghartey-Tagoe Kodwo, EVP & CEO of Duke Energy Carolinas & the Natural Gas business, received 22,337 performance shares that vested on Feb 5, 2026 (reported on Form 4 filed Feb 9, 2026). As part of the vesting, 8,490 shares were withheld to satisfy tax withholding at an effective price of $123.41 per share, representing $1,047,751 in tax withholding (code F). The award was reported as an acquisition (code A) with $0 purchase price because these were vested performance shares.

Key Details

• Transaction dates: Vesting/acquisition and withholding occurred on 2026-02-05; Form 4 filed 2026-02-09.
• Specifics: 22,337 shares granted/vested (A, $0); 8,490 shares withheld (F) at $123.41 = $1,047,751.
• Footnotes: F1 — these were performance shares from a Feb 22, 2023 award with a 3-year performance period deemed satisfied on Feb 5, 2026; F2 — amount increased due to dividend reinvestment; F3 — shares withheld to pay taxes; F4 — references interests in an issuer stock fund.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timing: Form 4 was filed Feb 9 for Feb 5 transactions (investors may note the 4-day gap; Form 4s are typically due within 2 business days).

Context

• This was not an open-market sale or purchase but the vesting of previously granted performance shares. The withholding of shares to pay taxes is a routine administrative step and does not in itself indicate a sale for cash-market reasons. The grant stems from a multi-year performance award (granted Feb 2023) that met its performance criteria.