Stock Ownership Guidelines
Stock Ownership Policy. Duke Energy has adopted a stock ownership policy for executive officers and other key employees who qualify to receive long-term incentives. To reinforce the importance of stock ownership, an employee who is subject to the policy and who does not achieve his or her ownership target by the applicable date will become ineligible for future long-term incentives unless he or she elects to apply all short-term incentive payments to the purchase of Duke Energy common stock until his or her target ownership level is achieved. As of December 31, 2007, the stock ownership guidelines were as follows:
|
Position |
Number of Shares |
| Chairman and Chief Executive Officer | 100,000 |
| Group Executive and Head of a Major Business Unit | 28,000 |
| All Other Executives Subject to Guidelines | 2,000-14,000 |
| Outside Directors | 4,000 |
Each employee is required to satisfy the ownership target within five years after becoming subject to the policy. All executive officers whose stock ownership guideline target date was on or before December 31, 2007 have met the ownership target.
