Crews Terrell Kirk II 4

What Happened Crews Terrell Kirk II, EVP & Chief Risk Officer of NextEra Energy (NEE), exercised stock options and immediately sold the resulting shares on March 9, 2026. He exercised three tranches totaling 19,672 shares (5,612; 4,720; 9,340) at exercise prices of $31.71, $38.61 and $45.65, and sold those same shares in open-market transactions at $90.27 per share. Exercise costs totaled $786,605; gross sale proceeds were $1,775,791 (net proceeds ≈ $989,186). The derivative entries at $0.00 reflect termination of the options on exercise.

Key Details

• Transaction date: 2026-03-09 (Form 4 filed 2026-03-10; appears timely)
• Exercises (M):
  • 5,612 shares @ $31.71 = $177,985
  • 4,720 shares @ $38.61 = $182,230
  • 9,340 shares @ $45.65 = $426,390
• Sales (S, open market):
  • 5,612 shares @ $90.27 = $506,595
  • 4,720 shares @ $90.27 = $426,074
  • 9,340 shares @ $90.27 = $843,122
• Totals: 19,672 shares exercised and sold; gross proceeds ~$1.78M; exercises cost ~$786.6K; net ≈ $989K.
• Footnotes: Exercises and sales were executed pursuant to a Rule 10b5-1 trading plan adopted Dec 9, 2025. Vesting schedules for the options began in 2017–2019 (see F3–F5).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction codes: M = option exercise, S = sale; $0.00 derivative entries indicate option termination on exercise.

Context This was a routine cashless-style transaction: options were exercised and the shares were sold immediately under a pre-established 10b5-1 plan, which schedules trades to avoid questions about timing or insider knowledge. Such transactions generally reflect option monetization rather than an outright directional bet on the stock; they are common among executives managing vested option grants.