Magro Charles V. 4
4 · Corteva, Inc. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Corteva (CTVA) CEO Charles Magro Receives Award, Withholds Shares for Taxes
What Happened Charles V. Magro, CEO of Corteva (CTVA), received 58,522 shares on January 27, 2026 upon settlement of performance-based share units (PSUs) that vested at the end of the performance period. To satisfy tax withholding on the PSU settlement, 23,562 shares were surrendered/withheld at $73.00 per share, valued at $1,720,026. The PSU settlement was approved by the People and Compensation Committee on January 27, 2026.
Key Details
- Transaction dates: January 27, 2026 (reported on Form 4 filed January 29, 2026 — timely filing).
- Award: 58,522 shares issued (grant/acquisition code A) at $0.00 (result of PSU settlement).
- Withholding/disposition: 23,562 shares disposed (code F) at $73.00, total value $1,720,026, to cover taxes.
- Footnotes: F1 = PSUs vested Dec 31, 2025 and were settled Jan 27, 2026; F4 = shares withheld to pay taxes. Filing also notes inclusion of 382.3358 shares from ESPP purchases (F2) and 774.1412 shares from dividend reinvestment (F3) in reported totals.
- Shares owned after the transactions: not specified in the provided summary of the Form 4.
Context This was a PSU settlement (award) with routine tax-withholding via share surrender (often called "sell-to-cover" or withholding). Awards and tax-withholding are standard compensation events and do not necessarily indicate a buy or sell decision based on company outlook.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-01-27+58,522→ 280,703.136 total - Tax Payment
Common Stock
[F4]2026-01-27$73.00/sh−23,562$1,720,026→ 257,141.136 total
Footnotes (4)
- [F1]Represents the number of shares received upon the settlement of previously awarded performance-based share units (PSUs) following the certification of achievement of specified performance metrics during the three-year performance period and approval of the settlement of the PSU grant by the People and Compensation Committee of the Board of Directors on January 27, 2026. The shares underlying the PSU grant vested at the conclusion of the performance period on December 31, 2025.
- [F2]Total includes 382.3358 shares purchased under the Issuer's Employee Stock Purchase Plan (ESPP) in exempt transactions under Rule 16b-3(c).
- [F3]Total includes acquisition of 774.1412 shares pursuant to dividend reinvestment.
- [F4]Represents shares withheld by the Issuer to pay taxes due upon the settlement of the Reporting Person's PSU award.