Form 4: DuPont EVP & CFO Lori Koch Reports Stock Disposal for Tax Withholding

Lori Koch, EVP & CFO of DuPont, reported the disposal of 1,277 shares of common stock on February 23, 2024, to cover taxes related to lapsed RSUs.

Summary

• On February 23, 2024, Lori Koch, the EVP & CFO of DuPont de Nemours, Inc., disposed of 1,277 shares of common stock.
• The transaction was executed to cover taxes withheld on lapsed Restricted Stock Units (RSUs) and associated dividend equivalent units.
• The shares were disposed of at a price of $70.24 per share.
• Following the transaction, Koch directly owns 101,296.9646 shares of DuPont common stock and indirectly owns 260.9988 shares through a Retirement Savings Plan.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations on vested RSUs, and does not indicate a change in the executive's confidence in the company.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units (RSUs) as a way to align management's interests with those of shareholders.
• The disposal of shares to cover tax obligations upon the vesting of RSUs is a common practice among executives in publicly traded companies.
• Similar filings can be seen from executives at companies like Dow Chemical, BASF, and 3M, which are direct competitors of DuPont.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates