Form 4: Corteva Executive Robert D. King Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Robert D. King, EVP of Crop Protection Business at Corteva, Inc., reports changes in beneficial ownership of company stock due to tax withholding and dividend reinvestment.
Summary
- On April 4, 2024, Robert D. King, an executive at Corteva, Inc., reported changes in his beneficial ownership of Corteva common stock.
- 7,650 shares were disposed of to cover tax obligations following the vesting of restricted stock units at a price of $57.54 per share.
- King also acquired 147.1272 shares through dividend reinvestment.
- Following these transactions, King's total beneficial ownership of Corteva common stock is 57,586.5369 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and dividend reinvestment.
Positives
- King's acquisition of shares through dividend reinvestment indicates a continued investment in the company's future.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- It assures stakeholders that executives have 'skin in the game' through stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction involving the disposal of shares for tax withholding and acquisition of shares through dividend reinvestment. |
| 04/08/2024 | Date of signature for the Form 4 filing. |
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