Form 4: Director Giesselman Acquires Corteva Stock Units Through Deferred Compensation Plan

Director Janet Plaut Giesselman acquired 120.8775 stock units of Corteva, Inc. through the company's Stock Accumulation and Deferred Compensation Plan for Directors on April 30, 2024.

Summary

• On April 30, 2024, Janet Plaut Giesselman, a director of Corteva, Inc., acquired 120.8775 shares of Corteva common stock.
• The acquisition was made through the Issuer's Stock Accumulation and Deferred Compensation Plan for Directors.
• The price of the stock was $54.13 per share.
• Following the transaction, Giesselman directly owns 13,757.188 shares of Corteva common stock.
• The stock units are acquired as part of a plan where non-employee directors can defer their cash compensation to be settled in CTVA common stock on a one-for-one basis at a future date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's participation in the deferred compensation plan indicates confidence in the company's future, but it's a routine transaction.

Positives

• The director's participation in the Stock Accumulation and Deferred Compensation Plan demonstrates confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but the deferred compensation plan suggests a long-term commitment from the director.

Industry Context

Directors using deferred compensation plans are common in publicly traded companies. It aligns director compensation with shareholder value and long-term company performance.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies, including Corteva's peers in the agricultural sector such as Bayer and Syngenta.
• These plans are designed to align the interests of directors with those of shareholders by incentivizing long-term value creation.
• The specific terms of deferred compensation plans can vary, but they generally allow directors to defer a portion of their cash compensation into company stock, often with a vesting period or other restrictions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates