Renjel Louis E. 4

What Happened

• Louis E. Renjel, EVP & CEO DEF & MW and Chief Corporate Affairs Officer of Duke Energy (DUK), had a total of 2,246 shares withheld to satisfy tax obligations upon vesting of restricted stock units (RSUs). The withholding occurred on 2026-02-22 at an effective share value of $126.78, totaling approximately $284,748 (767 shares = $97,240; 1,025 shares = $129,950; 454 shares = $57,558).
• This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase — a routine action when RSUs vest.

Key Details

• Transaction date: February 22, 2026. Form 4 filed February 24, 2026 (timely).
• Per-share value used: $126.78.
• Shares withheld: 767 (F1), 1,025 (F2), 454 (F3) — total 2,246 shares; total value ≈ $284,748.
• Footnotes:
  • F1: withholding for 1,529 RSUs from a Feb 22, 2023 award (convert 1-for-1).
  • F2: withholding for 2,045 RSUs from a Feb 22, 2024 award (convert 1-for-1).
  • F3: withholding for 905 RSUs from a Feb 22, 2024 award (convert 1-for-1).
  • F4 referenced issuer stock fund (not directly tied to these lines).
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context

• These transactions represent shares surrendered/withheld to cover tax withholding obligations on vested RSUs (a common, administrative step). They do not reflect an open-market sale or a purchase signal.
• For retail investors, tax-withholding dispositions on vesting are routine and generally do not indicate insider sentiment about the company’s outlook.