Form 4: Corteva CEO Charles Magro Reports Stock Disposal for Tax Obligations

Corteva's CEO, Charles Magro, disposed of 3,926 shares of common stock on February 28, 2024, to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On February 28, 2024, Charles V. Magro, the CEO of Corteva, Inc., disposed of 3,926 shares of Corteva's common stock.
• The transaction was executed to cover tax obligations related to the vesting of previously granted restricted stock units.
• The shares were disposed of at a price of $54.6188 per share.
• Following the transaction, Magro directly owns 189,741.8903 shares of Corteva common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment, but rather a standard procedure for covering tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through stock disposal upon vesting of restricted stock units, which is common among executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates