King Robert D. 4
Research Summary
AI-generated summary
Corteva EVP Robert King Receives 8,564-Share PSU Award
What Happened
Robert D. King, Executive Vice President, Crop Protection Business at Corteva (CTVA), received 8,564 shares on January 27, 2026 as the settlement of performance-based share units (PSUs). Those awarded shares had an acquisition value of $0 (compensation). To cover tax withholding on the PSU settlement, 2,551 shares were withheld/disposed at $73.00 per share, totaling $186,223. The PSU award vested at the end of the three-year performance period on December 31, 2025 and the settlement was approved by the People and Compensation Committee on January 27, 2026.
Key Details
- Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (filed timely).
- Award (code A): 8,564 shares acquired, $0.00 per share (compensation).
- Withholding (code F): 2,551 shares disposed at $73.00 each = $186,223 withheld for taxes.
- Footnote F1: PSUs vested 12/31/2025; settlement approved 1/27/2026.
- Footnote F2: Reported total includes 58.9301 shares from dividend reinvestment.
- Footnote F3: Shares were withheld by the issuer to satisfy tax withholding obligations on settlement.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a compensation-related settlement of PSUs, not an open-market purchase or sale by the insider; withholding of shares to cover taxes is a routine administrative action. PSUs reflect performance-based pay and do not, by themselves, indicate a purchase decision by the insider.