Form 4: Corteva Director Marcos M. Lutz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Marcos M. Lutz reports a transaction involving Corteva, Inc. common stock, including shares withheld for tax obligations and dividend reinvestment.
Summary
- On April 21, 2024, Director Marcos M. Lutz reported a transaction involving Corteva, Inc. common stock.
- 842 shares were disposed of to cover tax obligations at a price of $54.36 per share following the vesting of restricted stock units.
- Lutz also acquired 234.1969 shares through dividend reinvestment.
- Following the reported transactions, Lutz beneficially owns 56,024.6282 shares of Corteva, Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to tax obligations and dividend reinvestment, without indicating any significant positive or negative outlook.
Positives
- The director increased their holdings through dividend reinvestment, showing confidence in the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/21/2024 | Date of transaction involving Corteva, Inc. common stock. |
| 04/23/2024 | Date of signature for the report. |
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