DOVER Corp·4

Feb 18, 6:16 PM ET

Woenker Christopher B. 4

Research Summary

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Dover (DOV) CFO Christopher Woenker Receives Stock Awards

What Happened

  • Christopher B. Woenker, Dover's Senior Vice President & Chief Financial Officer, received equity awards on 2026-02-13 totaling 11,487 shares (awarded at $0.00): 1,079 RSUs, 814 RSUs, and 9,594 performance-based shares. To satisfy tax withholding, 262 shares were surrendered/disposed at $231.63 each for about $60,687.

Key Details

  • Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (filed timely).
  • Awards: 1,079 RSUs and 814 RSUs (grant price $0.00); 9,594 performance shares settled (derivative award).
  • Tax withholding: 262 shares disposed at $231.63/share, proceeds ≈ $60,687.
  • Net change from these entries: +11,225 shares (11,487 awarded − 262 withheld).
  • Beneficial ownership note: filing states 2,490 unvested RSUs are included in shares beneficially owned.
  • Footnotes: RSUs vest in three annual installments beginning March 15, 2027 (restricted stock units); performance shares settled based on Dover’s relative total shareholder return for the three-year period ended Dec 31, 2025.

Context

  • The 1,079 and 814 items are time‑vesting restricted stock units (RSUs); the 9,594 is a performance-based settlement—awards rather than open‑market purchases or exercised options. The 262-share disposition is a routine tax withholding (common when awards vest/settle) and should not be read as an independent open‑market sale.