TITUS BRIAN 4
Research Summary
AI-generated summary
Corteva (CTVA) VP Controller Brian Titus Receives Award
What Happened
- Brian Titus, Corteva’s VP, Controller and Principal Accounting Officer, received 1,713 shares on January 27, 2026 upon settlement of performance-based share units (PSUs). The grant is reported as an award (A) with an acquisition price of $0. To cover taxes on the PSU settlement, 639 shares were withheld/disposed (code F) at $73.00 per share, totaling $46,647. Net shares delivered to Titus were 1,074 (1,713 − 639).
Key Details
- Transaction date: January 27, 2026. Form filed January 29, 2026.
- Award: 1,713 shares acquired (recorded at $0 as an award).
- Tax withholding/disposition: 639 shares withheld at $73.00 each, proceeds $46,647.
- Net shares retained after withholding: 1,074 shares.
- Footnotes: F1 — PSUs vested after the three-year performance period (performance certified and settlement approved Jan 27, 2026; performance period ended Dec 31, 2025). F2 — the 1,713 total includes 19.6871 shares from dividend reinvestment. F3 — 639 shares were withheld by the issuer to pay taxes due on settlement.
- Filing timeliness: Report filed two days after the transaction date (no late filing flag noted in the provided report).
Context
- This was a settlement of performance-based equity (PSUs), not an open-market purchase or voluntary sale. Withholding shares to cover taxes is a routine administrative step (reported as a disposition for tax withholding purposes) and does not necessarily indicate a change in the insider’s view on the company’s stock.