Summary
Dominion Energy, Inc. (D) announced on December 1, 2017, the implementation of a temporary trading restriction under its employee benefit plans. This action is to facilitate the merger of the Dominion Questar Corporation 401(k) Retirement Income Plan into the Dominion Energy Savings Plan. The restriction, known as a 'blackout period,' will prohibit certain transactions involving the company's common stock for executive officers and directors. The blackout period is scheduled to commence on December 27, 2017, at 4:00 PM Eastern Time and is expected to conclude on January 8, 2018, at 9:00 AM Eastern Time. During this time, affected individuals will not be able to borrow, take distributions, or direct/diversify investments within their Plan accounts, which include holdings of Dominion Energy common stock.
Key Highlights
- 1Dominion Energy is implementing a trading blackout for its executive officers and directors.
- 2The blackout period is due to the merger of the Dominion Questar Corporation 401(k) Retirement Income Plan into the Dominion Energy Savings Plan.
- 3The restriction will prevent transactions involving Dominion Energy common stock held within the affected retirement plan.
- 4The blackout period is set to begin on December 27, 2017, and is expected to end on January 8, 2018.
- 5During the blackout, participants cannot make loans, take distributions, or change their investment allocations within their plan accounts.
- 6Notice of the blackout period was provided to affected participants on November 27, 2017.