Lee Cynthia S. 4

What Happened

• Cynthia S. Lee, Senior Vice President, Chief Accounting Officer & Controller of Duke Energy (DUK), received 2,983 performance shares that vested on Feb 5, 2026 (awarded at $0.00 per share). To cover taxes due on the vesting, 902 of those shares were withheld (disposed) at a reported price of $123.41 per share, representing proceeds of $111,316.

Key Details

• Transaction date: 2026-02-05 (reported on Form 4 filed 2026-02-09).
• Award: 2,983 shares acquired (code A) at $0.00 (vested performance shares).
• Tax withholding/disposition: 902 shares withheld (code F) at $123.41, total $111,316.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 — these were performance shares from a Feb 22, 2023 award with a three‑year performance period deemed satisfied on Feb 5, 2026; F2 — shares were withheld to pay taxes on vesting; F3 — references interests in an issuer stock fund.
• Filing timeliness: Filed within the typical two-business-day window (not indicated as late).

Context

• This was an equity award vesting event (compensation), not an open‑market purchase or a deliberate sell for investment reasons. The withholding of 902 shares to cover taxes is a common cashless settlement method and is recorded as a disposition for reporting purposes but typically reflects tax obligations rather than a directional bet on the stock.