Magro Charles V. 4

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.