Form 4: Corteva CEO Charles Magro Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Corteva's CEO, Charles Magro, disposed of 4,907 shares of common stock on February 28, 2025, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 28, 2025, Charles V. Magro, the CEO of Corteva, Inc., disposed of 4,907 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 $62.98 per share.
- Following the transaction, Magro directly owns 221,024.6587 shares of Corteva common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Disposal of common stock. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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