Form 4: Corteva Director Klaus A. Engel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Klaus A. Engel reports changes in beneficial ownership of Corteva, Inc. stock due to tax withholding and dividend reinvestment.
Summary
- On April 21, 2024, Corteva, Inc. Director Klaus A. Engel reported changes in beneficial ownership of the company's stock.
- 842 shares were withheld by the issuer to cover taxes due following the vesting of previously granted restricted stock units at a price of $54.36.
- Engel also acquired 243.1943 shares through dividend reinvestment.
- Following these transactions, Engel beneficially owns 33,174.0236 shares of Corteva common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions described are typical for corporate insiders. Therefore, the sentiment is neutral.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the director.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/21/2024 | Date of the transaction involving tax withholding and dividend reinvestment. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
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