Gillespie Thomas Preston Jr. 4

What Happened

• Gillespie T. Preston Jr., an EVP at Duke Energy (DUK), received an award of 5,989 restricted stock units (RSUs) on 2026-02-25 (reported as an acquisition at $0.00).
• On 2026-02-26 he had 925 shares disposed at $129.23 each to cover taxes/withholding, generating ~$119,538 (reported as a tax payment/withholding transaction, code F).
• The primary action is an RSU grant (acquisition); the small share disposition was a tax-withholding event, not a routine open-market sale.

Key Details

• Grant date: 2026-02-25 — 5,989 RSUs granted (A), reported price $0.00.
• Tax withholding/sale: 2026-02-26 — 925 shares disposed at $129.23 each, proceeds reported ~$119,538 (F).
• Shares owned after transaction: Not disclosed in this Form 4.
• Relevant footnotes:
  • F1: RSUs granted under the Duke Energy 2023 Long-Term Incentive Plan, settle 1-for-1 into common stock on vesting; 1/3 vest each year over 3 years beginning 2027-02-25.
  • F2: Filing notes that 2,128 RSUs were withheld to pay taxes on a prior RSU award (granted 2025-02-26).
  • F3: Indicates interests in an issuer stock fund.
• Filing/timeliness: Form 4 filed 2026-02-27 reporting transactions through 2026-02-26 (appears timely).

Context

• RSUs are a grant that convert to shares only upon vesting; the 5,989 RSUs do not represent immediate owned shares until vesting conditions are met.
• The 925-share disposition is described as tax withholding (code F), which is routine and generally not interpreted as a market-driven sale signal.