Titone Bonnie B. 4
Research Summary
AI-generated summary
Duke Energy EVP Bonnie Titone Receives RSU Award, Withholds 701 Shares
What happened
- Bonnie B. Titone, EVP & Chief Administrative Officer of Duke Energy (DUK), was granted 5,375 restricted stock units (RSUs) on Feb 25, 2026 (reported). The grant is recorded at $0.00 per share because RSUs are awards that convert to common stock upon vesting.
- On Feb 26, 2026 she had 701 shares withheld (reported as a disposition) to satisfy tax withholding obligations related to prior RSU vesting. Those 701 shares were recorded at $129.23 each, totaling about $90,590. This withholding is a tax-related disposition (code F), not an open-market sale for investment purposes.
Key details
- Transaction dates and prices:
- 2026-02-25: RSU award of 5,375 shares (grant, $0.00 per share).
- 2026-02-26: 701 shares withheld for taxes at $129.23/share (disposed) = $90,590.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes:
- F1: The 5,375 RSUs are granted under Duke Energy’s 2023 Long-Term Incentive Plan and are settled one-for-one in common stock upon vesting; 1/3 of that award vests each year over a three-year period beginning Feb 25, 2027.
- F2: The 701 shares withheld were used to satisfy taxes on the vesting of 1,612 RSUs from a Feb 26, 2025 award; those RSUs also convert one-for-one into common stock.
- Filing timeliness: Reported period is 2026-02-25 and the Form 4 was filed on 2026-02-27 (appears timely).
Context
- RSU awards are compensation that convert to stock when they vest; the grant itself is not a purchase or market-driven bullish signal. The 701-share disposition was a tax withholding (common when RSUs vest), not an open-market sale intended as monetization.
- For retail investors, these entries indicate executive compensation and routine tax settlement activity rather than a trading opinion.