Jerry L. Redondo, Senior Vice President of Electronic & Structural Systems at Ducommun Inc. (NASDAQ:DCO), sold 5,682 shares of common stock on May 14, 2026, for a total value of $877,073. The shares were sold at $154.36 each.
This transaction was conducted to satisfy obligations related to the company's Second Amended and Restated Clawback Policy, following a restatement and revision of Ducommun's previously issued financial statements.
On the same day, Mr. Redondo also had 898 shares withheld by the issuer to cover tax withholding obligations. This was in connection with the settlement of 1,810 restricted stock units, valued at $151.59 per share, totaling $136,127.
Additionally, 912 shares were returned to Ducommun by Mr. Redondo, also on May 14, 2026, in accordance with the Clawback Policy. It was determined that certain compensation would not have been earned based on the restated financial statements. As a result, 1,810 restricted stock units that vested on that date were not delivered to Mr. Redondo.
Following these transactions, Mr. Redondo directly holds 62,034 shares of Ducommun common stock.
In other recent news, Ducommun reported its first-quarter 2026 financial results. EPS came in at $0.75, missing the expected $0.85. However, revenue reached $209 million, surpassing the forecast of $199.65 million.
