Magro Charles V. 4

What Happened
Charles V. Magro, CEO of Corteva, had 5,319 shares withheld by the company to satisfy tax withholding obligations following the vesting of previously granted restricted stock units. The withholding was recorded at $76.59 per share, totaling $407,382. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Shares withheld/disposed: 5,319 at $76.59 each; total value $407,382.
• Transaction code: F (tax withholding on vested equity). Footnote F1: shares were withheld by the issuer to pay taxes due after RSU vesting.
• Shares owned after the transaction: not disclosed in this filing.
• Not a 10b5-1 trade or gift; routine tax withholding rather than a market sale.

Context
Tax-withholding dispositions for vested RSUs are common and procedural: the company retains shares to cover required taxes, which reduces the insider’s share count without indicating a deliberate sell decision in the open market. Such transactions generally carry less informational weight about the insider’s view of the company compared with open-market purchases or intentional sales.