Titone Bonnie B. 4

What Happened Bonnie B. Titone, Executive Vice President & Chief Administrative Officer of Duke Energy (DUK), received 8,129 performance shares that vested on February 5, 2026 (acquired at $0.00). To cover taxes due on vesting, 2,341 of those shares were withheld (disposed) at an implied value of $123.41 per share, equal to about $288,903. This was a grant/vesting event (award) with routine tax withholding — not an open-market sale or purchase.

Key Details

• Transaction dates: February 5, 2026 (vesting/acquisition and tax withholding); Form 4 filed February 9, 2026 (filing appears timely).
• Award: 8,129 shares acquired at $0.00 (code A).
• Tax withholding: 2,341 shares withheld/disposed at $123.41 each for taxes, totaling $288,903 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes: 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 upon vesting.
• Transaction codes explained: A = award/acquisition on vesting; F = shares withheld to cover tax liability (routine).

Context This was a vesting of performance-based equity, not an open-market sale or option exercise. Withholding shares to pay taxes is common and usually administrative; it does not necessarily indicate a change in the insider’s view of the company.