Form 4: Corteva Executive Brian Titus Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Brian Titus, a Corteva executive, disposed of 102 shares of common stock on February 28, 2024, to cover tax obligations arising from vesting restricted stock units.
Summary
- On February 28, 2024, Brian Titus, Vice President, Controller, and Principal Accounting Officer of Corteva, Inc., disposed of 102 shares of Corteva common stock.
- The transaction was executed to cover tax obligations related to the vesting of previously granted restricted stock units.
- The shares were sold at a price of $54.6188 per share.
- Following the transaction, Titus directly owns 23,490.5793 shares of Corteva common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transaction. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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