Lee Cynthia S. 4

What Happened

• Cynthia S. Lee, Senior VP, Chief Accounting Officer & Controller of Duke Energy (DUK), received an award of 895 restricted stock units (RSUs) on 2026-02-25 (grant recorded at $0.00). The next day (2026-02-26), 92 shares were withheld/disposed to cover tax withholding at $129.23 per share, a withholding value of $11,889.
• The RSU grant is an award (not a cash purchase). The 92-share disposal is a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Grant: 895 RSUs on 2026-02-25, acquisition price $0.00 (settle into common stock one-for-one upon vesting).
• Tax withholding: 92 shares on 2026-02-26 at $129.23 each; total value $11,889 (disposed to cover taxes).
• Shares owned after transaction: not specified in the filing.
• Footnotes of interest:
  • F1: These RSUs were granted under the Duke Energy 2023 Long-Term Incentive Plan and vest 1/3 each year over 3 years beginning Feb 25, 2027 (settled one-for-one in common stock).
  • F2: The withheld shares represent taxes for vesting of previously granted RSUs (related to a Feb 26, 2025 award).
  • F3: References interests in an issuer stock fund.
• Timeliness: Filing dated 2026-02-27 for transactions on 2026-02-25/26 — appears timely.

Context

• RSU grants are compensation that convert to shares as they vest; the 895 RSUs are not immediately tradable until vesting occurs. The 92-share disposal is a routine tax-withholding action (shares surrendered to cover taxes), not an open-market sale that signals a directional bet.
• For retail investors: awards and withholding are common executive compensation mechanics. Purchases are generally more informative about insider bullishness; this filing mainly reflects compensation and routine tax settlement.