4/A: Corteva Executive Timothy Glenn Corrects Tax Withholding Error in Amended SEC Filing
SEC Filing Amendment
Timothy Glenn, EVP of Corteva's Seed Business Unit, files an amended Form 4/A to correct a tax withholding calculation error related to vested restricted stock units.
Summary
- This is an amended SEC Form 4/A filing by Timothy Glenn, an Executive Vice President at Corteva, Inc.
- The amendment corrects an error in the original Form 4 filed on February 21, 2024.
- The error involved the number of shares withheld for taxes following the vesting of restricted stock units.
- The original filing incorrectly stated that 915 shares were withheld, while the correct amount was 869 shares.
- The corrected amount of 869 shares withheld at a price of $54.9 is reflected in this amended filing.
- After the transaction, Glenn directly owns 179,516.2559 shares of Corteva common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of an administrative error in an SEC filing. It doesn't indicate any fundamental issues with the company, but it does highlight a minor oversight. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are routine disclosures related to insider transactions and are a standard part of regulatory compliance for publicly traded companies. This specific filing is an amendment to correct a minor administrative error.
Key Dates
| Date | Description |
|---|---|
| 02/18/2024 | Date of transaction (shares withheld for taxes). |
| 02/21/2024 | Date of original Form 4 filing (containing the error). |
| 03/14/2024 | Date of amended Form 4/A filing. |
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