Renjel Louis E. 4

What Happened

• Renjel Louis E., an EVP and CEO-level executive at Duke Energy (DUK), had 14,629 performance shares vest on February 5, 2026 (acquired at $0.00 as a result of vesting).
• To satisfy tax withholding on the vested award, 6,154 of those shares were withheld/disposed at $123.41 per share, generating about $759,465. Net of withholding, 8,475 shares from this vesting event were added to his holdings.

Key Details

• Transaction date: February 5, 2026. Vesting/acquisition recorded at $0.00 per share (award).
• Withholding/disposition: 6,154 shares at $123.41/share = $759,465 (reported as a disposition to cover taxes).
• Shares owned after transaction: the filing does not state total shares held after this event; net newly retained from this vesting = 8,475 shares (14,629 vested – 6,154 withheld).
• Footnotes:
  • F1: These were vested performance shares from a Feb 22, 2023 award with a three-year performance period, deemed satisfied on Feb 5, 2026.
  • F2: The disposal reflects shares withheld to pay taxes due upon vesting.
  • F3: References interests in an issuer stock fund.
• Filing date: February 9, 2026 (filed 4 days after the transaction). This is later than the typical two-business-day Form 4 window.

Context

• This was a vesting of previously granted performance shares, not an open-market purchase or a discretionary sale. The withheld shares represent a routine tax-withholding action (common on vested equity) rather than an independent decision to sell shares for cash.
• For retail investors, purchases or open-market buys by insiders can be viewed as more direct bullish signals; routine vesting and tax withholding are procedural and do not necessarily indicate insider sentiment.