Nayyar Nayaki R 4
Research Summary
AI-generated summary
Corteva (CTVA) Director Nayyar Nayaki Receives Award
What Happened
Nayyar Nayaki R, a Corteva (CTVA) director, was credited with 401.185 stock units on 2026-04-30 at an implied value of $81.01 each for a total of $32,500. The transaction is coded as an award/acquisition (A) and reflects stock units issued under the issuer's director deferred compensation arrangement rather than an open-market purchase.
Key Details
- Transaction date: 2026-04-30; File date (Form 4): 2026-05-04 (no timeliness flag provided in the data supplied).
- Amount: 401.185 stock units @ $81.01 per unit; total value shown $32,500.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Units were granted under Corteva’s Stock Accumulation and Deferred Compensation Plan for Directors (see F1). These are stock units credited in lieu of cash compensation and will be settled one-for-one into CTVA common stock on a future date selected by the director.
- Transaction code: A = Award/Grant (not a market purchase or sale).
Context
This was a routine compensation-related award (deferred cash converted to stock units), commonly used to defer director cash pay into equity. Such awards are standard corporate practice and do not necessarily indicate a personal buy/sell decision about the stock.