Weintraub Alexander J. 4
Research Summary
AI-generated summary
Duke Energy EVP Alexander Weintraub Receives Award; Withholds Shares
What Happened
- Alexander J. Weintraub, EVP & Chief Customer Officer of Duke Energy (DUK), had performance shares vest on Feb 5, 2026. The filing shows an award/acquisition of 3,940 shares (reported at $0.00 acquisition price).
- To cover tax withholding on the vesting, 1,164 shares were withheld/disposed at a reported price of $123.41 per share, for a withholding value of $143,649. This withholding is a routine tax-related disposition, not an open-market sale.
Key Details
- Transaction dates: vesting and acquisition on 2026-02-05; Form 4 filed 2026-02-09 (timely within required filing window).
- Reported amounts: 3,940 shares awarded (code A); 1,164 shares withheld/disposed for taxes (code F) at $123.41 = $143,649.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — these were vested performance shares from a Feb 22, 2023 award with a 3‑year performance period (deemed satisfied Feb 5, 2026). F2 — shares were withheld to pay taxes upon vesting. F3 — notes some interests are held in an issuer stock fund.
- Filing timeliness: Filed Feb 9, 2026; appears timely under the two-business-day Form 4 rule.
Context
- This report reflects vesting of previously granted performance shares and routine tax withholding, not a purchase decision or a voluntary open-market sale. Withholdings to cover taxes are common and do not by themselves signal insider sentiment.