Titone Bonnie B. 4
Research Summary
AI-generated summary
Duke Energy (DUK) EVP Bonnie Titone Withholds Shares for Taxes
What Happened
Bonnie B. Titone, Executive Vice President and Chief Administrative Officer of Duke Energy Corporation, had 774 shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). The filing reports disposal of 370 shares at $126.78 each ($46,909) and 404 shares at $126.78 each ($51,219) on February 22, 2026 — total proceeds of about $98,128. These were tax-withholdings related to vested RSUs, not open-market sales.
Key Details
- Transaction date: February 22, 2026; Form 4 filed February 24, 2026 (timely filing).
- Prices and amounts: 370 shares @ $126.78 ($46,909) and 404 shares @ $126.78 ($51,219). Total 774 shares, ~$98,128.
- Shares withheld to cover taxes on RSU vesting (transaction code F).
- Footnotes: F1 = shares withheld to pay taxes on 850 RSUs granted Feb 22, 2023 (one-for-one conversion). F2 = shares withheld to pay taxes on 930 RSUs granted Feb 22, 2024 (one-for-one conversion).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a routine tax-withholding event when RSUs vested (a common administrative disposition). No open-market sale or purchase was reported — withheld shares were used solely to cover tax liabilities on the RSU awards. Such withholding transactions are standard and do not necessarily indicate a change in the insider’s view of the company.