Gillespie Thomas Preston Jr. 4

What Happened
Thomas P. Gillespie Jr., Executive Vice President at Duke Energy (DUK), had 16,263 performance shares vest on Feb 5, 2026 (award code A). To cover tax withholding on the vested award, 5,857 shares were withheld/disposed at a reported value of $123.41 per share, resulting in proceeds of $722,812 (code F). The award was recorded at $0.00 acquisition price because it was a vesting of previously granted performance shares.

Key Details

• Transaction date: February 5, 2026; Form 4 filed February 9, 2026.
• Vested award: 16,263 shares (code A) recorded at $0.00 acquisition price.
• Tax withholding: 5,857 shares withheld/disposed (code F) at $123.41 per share = $722,812.
• Shares owned after the transaction: Not specified in this Form 4.
• Footnotes from the filing:
  • 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 due upon vesting.
  • F3: Represents interests in an issuer stock fund.

Context
This was not an open-market sale or purchase by Gillespie but a standard vesting of performance-based equity with shares withheld to cover tax obligations (a routine, non-bullish/bearish administrative action). The cash value reported relates to the tax-withheld shares only; the vesting itself reflects the satisfaction of prior performance conditions.