Duke Energy management check
DUK · Utilities · Electric Utilities · CEO Harry K. Sideris
Filings as of
3 good · 2 to watch · 2 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $156, against $153 for the peer group the company picked itself.
- Flag
Does pay follow performance?
Pay moved against returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.46 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.3% of net income$13.7m of reported pay in fiscal 2025, against $4.9bn of net income.
- Flag
Do they own the stock?
CEO stake ≈ 0.9 years of payThe CEO holds 96,102 shares, directly or through trusts (unvested awards not counted): about 0.9 years of pay. 2 insiders sold $2.9m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.4% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Harry K. Sideris, Lynn J. Good. 6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 52 | 53 | |
| Pay for performance | 27 | 81 | |
| CEO cost | 96 | 50 | |
| Skin in the game | 12 | 45 | |
| Dilution | 45 | 37 | |
| Stable leadership | 55 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electric Utilities, by management score. Duke Energy is 24th of 30 in its sector.
- 30CEGConstellation Energy84
- 62VSTVistra Corp.79
- 143EIXEdison International72
- 145PPLPPL Corporation72
- 252EVRGEvergy64
- 254PEGPublic Service Enterprise Group64
- 270ETREntergy63
- 285LNTAlliant Energy62
- 338EXCExelon59
- 354ESEversource Energy58
Pay versus performance
From the proxy statement filed March 20, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Harry K. Sideris, Lynn J. Good | $13.7m | $17.0m | $4.9m | $156 | $153 | $4.9bn |
| 2024 | — | $21.3m | $31.4m | $5.0m | $138 | $131 | $4.4bn |
| 2023 | — | $20.6m | $23.3m | $4.1m | $120 | $108 | $2.7bn |
| 2022 | — | $21.4m | $24.0m | $4.3m | $122 | $119 | $2.4bn |
| 2021 | — | $16.5m | $27.3m | $4.3m | $119 | $118 | $3.8bn |
The board says pay is tied most to Adjusted EPS. Its other key measures: Relative Total Shareholder Return, O&M Expense.
Insiders and the CEO's stake
Harry K. Sideris (President, CEO) held 96,102 shares directly after their latest Form 4 on May 8, 2026, roughly $12.0m at that filing's price.
2 insiders sold $2.9m in the last six months and none bought.
- SoldHarry K. SiderisPresident, CEO$2.5mMay 8, 2026
- SoldLouis E. RenjelEVP&CEO DEF&MW&ChiefCorpAffOff$438kMay 11, 2026
Leadership and governance on file
- Sep 25, 2026Leadership change8-K 5.02
- Dec 12, 2025Leadership change8-K 5.02
- Sep 12, 2025Leadership change8-K 5.02
- May 5, 2025Leadership change8-K 5.02
- Jan 13, 2025Leadership change8-K 5.02
- Mar 15, 2024Leadership change8-K 5.02
- May 9, 2023Leadership change8-K 5.02
- Mar 10, 2023Leadership change8-K/A 5.02
- Dec 5, 2022Leadership change8-K 5.02
- Aug 1, 2022Leadership change8-K 5.02
- Feb 24, 2022Leadership change8-K 5.02
- Nov 15, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 13, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.3bn returned to owners in buybacks and dividends, 33% of net income, and $483.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $24.5bn | $28.7bn | $28.7bn | $30.1bn | $31.7bn |
| Net income | $3.9bn | $2.5bn | $2.8bn | $4.5bn | $5.0bn |
| Stock-based pay | $88.0m | $100.0m | $97.0m | $96.0m | $102.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $3.1bn | $3.2bn | — | — | — |
| Diluted shares | 769m | 770m | 771m | 772m | 777m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.