Form 4: Corteva Executive Brian Titus Reports Stock Transactions
SEC Form 4 Filing
Brian Titus, a Corteva executive, reported the acquisition and disposal of company stock and derivative securities on February 20, 2025.
Summary
- On February 20, 2025, Brian Titus, VP, Controller and Principal Accounting Officer of Corteva, Inc., reported transactions involving Corteva's common stock and non-qualified stock options.
- Titus acquired 12,142 shares of common stock through the exercise of non-qualified stock options at a price of $31.22 and 9,418 shares at $45.15.
- He also disposed of 26,560 shares of common stock at a weighted average price of $63.74, with prices ranging from $63.55 to $63.91.
- Additionally, 126 shares were withheld by Corteva to cover taxes due upon the vesting of restricted stock units.
- Following these transactions, Titus beneficially owns 11,347.3047 shares of common stock directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It's a standard practice required by the SEC to prevent insider trading and maintain market fairness.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by providing insight into executive sentiment, but the scale of the transactions is unlikely to cause significant price movement.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of stock and derivative securities transactions. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
| 02/20/2030 | Expiration date of Non-Qualified Stock Option (right-to-buy) at $31.22. |
| 02/25/2031 | Expiration date of Non-Qualified Stock Option (right-to-buy) at $45.15. |
Keywords
Corteva, stock options, Form 4, stock sale, Brian Titus, stock acquisition, insider trading
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