Dominion Energy CFO’s Restricted‑Share Award Signals Insider Confidence Ahead of Earnings Surge.

Insider Buying at Dominion Energy Signals Confidence in the Utility’s Growth Plans

On February 25, 2026, Executive Vice President and Chief Financial Officer Ridge Steven D purchased 9,439 shares of Dominion Energy’s common stock under the company’s 2024 Incentive Compensation Plan. The transaction, exempt under Rule 16(b)-3, reflects a “buy” action at an undisclosed price of $0.00 per share—typical for restricted‑share awards that vest only when the company meets performance targets. The purchase raises Ridge’s post‑transaction holdings to 58,675.84 shares, bringing his total ownership to roughly 0.01 % of the outstanding shares.

What Does This Mean for Investors?

The timing of the award aligns with Dominion’s latest earnings call, where management underscored robust growth in natural‑gas and electric transmission and highlighted plans to expand infrastructure. The restricted‑share grant signals that Ridge and the compensation committee believe the company’s future cash flows will support the vesting conditions. For investors, this is a subtle affirmation that the CFO is confident in the company’s trajectory, especially as the utility sector navigates regulatory changes and a shift toward renewable sources.

At the same time, the broader insider activity on the same day—large purchases by CEO Robert Blue (47,193 shares), EVP Baine Edward H (7,079 shares), and several other executives—suggests a coordinated effort to reinforce market confidence. While the individual purchases represent modest fractions of the market cap, the cumulative insider buying can be interpreted as a bullish signal, particularly in a utilities environment where institutional ownership tends to be more passive.

Ridge Steven D: A Profile of a Conservative Investor

Ridge’s transaction history paints a picture of a cautious yet committed insider. Over the past year, he has alternated between selling and buying, often aligning sales with market dips and purchases with periods of stable or rising share prices. For example:

• 2025‑12‑01: Sold 872 shares at $60.90, reducing his holdings to 46,451.84.
• 2026‑01‑30: Bought 8,122 shares and sold 2,526 shares, ending the day with 54,573.84 shares.
• 2026‑02‑01: Sold 2,811 shares, decreasing his stake to 49,236.84.

These moves suggest Ridge uses insider transactions as a tool for portfolio rebalancing rather than speculative trading. The recent restricted‑share award, however, indicates a forward‑looking stance, rewarding long‑term performance and aligning his interests with shareholders'.

Looking Ahead

Dominion Energy’s market‑cap of $54.85 billion and a P/E of 20.98 place it in the upper tier of U.S. utilities, yet the sector remains sensitive to commodity prices and regulatory shifts. The collective insider buying—especially the sizable purchase by the CEO—may be an early signal of confidence ahead of a potential earnings announcement or dividend adjustment. For investors, monitoring subsequent insider filings, particularly any further restricted‑share awards or sales during periods of volatility, will provide valuable context for assessing the company’s strategic direction and the alignment of executive incentives with shareholder value.