Renjel Louis E. 4

What Happened

• Renjel Louis E., an Executive Vice President and Chief Corporate Affairs officer at Duke Energy (DUK), was granted 25 phantom stock units on January 30, 2026.
• The units are reported at an equivalent value of $121.35 each, totaling $3,034. These are derivative awards (transaction code A) rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-01-30; 25 units @ $121.35 each (total $3,034).
• Transaction type: Award/acquisition of phantom stock units (derivative).
• Settlement/vesting: Footnotes state each phantom unit equals one share (F1) and units are accrued under the Executive Savings Plan; phantom units are settled six months after the reporting person’s termination of service (F2). Prior to settlement the value may be moved into alternative plan investments.
• Rule/exemption: These phantom units include amounts from deferred compensation and credited retirement contributions and are exempt under Rule 16b-3(d) (F3).
• Shares owned after the transaction: Not specified in the provided filing.
• Filing timeliness: Form filed 2026-02-03 for a 2026-01-30 transaction; filing appears timely under standard 2-business-day Form 4 rules.

Context

• Phantom stock units are deferred compensation that track the economic value of shares but do not convey immediate stock ownership or voting rights; they settle in cash or shares per the plan terms. Such awards reflect compensation protocol rather than a direct market purchase or sale by the insider and should be viewed as an executive pay/detail item rather than a clear bullish or bearish trading signal.