O'Connor Judd M 4
Research Summary
AI-generated summary
Corteva (CTVA) EVP Judd M. O'Connor Receives Award; Shares Withheld
What Happened Judd M. O'Connor, EVP of Corteva's Seed Business Unit, received 3,426 shares on January 27, 2026 upon settlement of performance-based share units (PSUs). The award was recorded as an acquisition at $0.00 per share (grant). To cover taxes due on the PSU settlement, 1,138 shares were withheld by the issuer and reported as a disposition at $73.00 per share, totaling $83,074.
Key Details
- Transaction dates/prices: 2026-01-27 — Award of 3,426 shares at $0.00; 1,138 shares withheld/disposed at $73.00 ($83,074).
- Vesting/approval: PSUs vested at the end of the three-year performance period on 2025-12-31 and settlement was approved by the People and Compensation Committee on 2026-01-27 (see footnote F1).
- Tax withholding: Footnote F4 confirms the 1,138-share disposition represents shares withheld by the issuer to pay taxes.
- Dividend reinvestment: Footnotes note small fractional-share additions included in totals (F2: 20.3501 shares; F3: 2.6685 shares).
- Shares owned after transaction: Not specified in the Form 4.
- Filing timeliness: Form 4 filed 2026-01-29 reporting the 2026-01-27 transaction — filed within the standard two-business-day window.
Context This was a compensation settlement (PSUs) rather than an open-market purchase or sale. The withholding of shares to satisfy tax obligations is common in PSU settlements and is not the same as an open-market sale for cash. For retail investors, awards signal executive compensation recognition but do not by themselves indicate insider buying or selling intent.