Grimm Audrey 4

What Happened

• Audrey Grimm, Senior Vice President and Chief People Officer at Corteva (CTVA), had 4,996 shares issued on January 27, 2026 upon settlement of previously awarded performance-based share units (PSUs). Those shares were issued at $0.00 on settlement (award).
• To cover taxes due on the PSU settlement, 1,563 shares were withheld/disposed at $73.00 per share, resulting in withholding value of approximately $114,099. The withheld shares were used to satisfy tax obligations rather than an open-market sale.

Key Details

• Transaction dates: PSU settlement and withholding occurred on 2026-01-27; Form 4 filed 2026-01-29 (filed two days later).
• Transaction codes: A = award/acquisition of 4,996 shares; F = shares withheld to pay tax liability (1,563 shares at $73.00).
• PSU vesting/settlement: 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 (footnote).
• Ownership after transaction: not disclosed in the provided summary filing.
• Other holdings noted in the filing: totals include 289.5072 shares from the ESPP and 58.0009 shares from dividend reinvestment (per footnotes).
• Filing timeliness: Form filed two days after the reported transactions (appears timely).

Context

• This was a PSU settlement (award) with a routine tax-withholding disposition; the 1,563-share disposal reflects shares withheld to pay taxes, not an open-market sale signaling a change in sentiment.
• For retail investors, purchases or open-market buys by insiders are generally more indicative of conviction than routine award settlements or tax withholding.