Corteva (CTVA) director’s RSU vesting triggers 906-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corteva, Inc. director Klaus A. Engel reported a routine tax-related share disposition linked to equity compensation. On the vesting of previously granted restricted stock units, 906 shares of common stock were withheld by the company to cover taxes, at a value of $81.01 per share. These shares were not sold on the open market. After this withholding, Engel directly holds 40,218.9582 shares of Corteva common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Engel Klaus A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 906 | $81.01 | $73K |
Holdings After Transaction:
Common Stock — 40,218.958 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 906 shares
Withholding price per share: $81.01 per share
Shares held after transaction: 40,218.9582 shares
+1 more
4 metrics
Shares withheld for taxes
906 shares
Common Stock, tax-withholding disposition on RSU vesting
Withholding price per share
$81.01 per share
Value used for 906-share tax withholding
Shares held after transaction
40,218.9582 shares
Director’s direct Corteva common stock holdings post-transaction
Transaction code
F
Payment of tax liability by delivering securities
Key Terms
restricted stock units, tax-withholding disposition, Form 4, Common Stock
4 terms
restricted stock units financial
"following the vesting of previously granted restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Corteva (CTVA) director Klaus A. Engel report on this Form 4?
Klaus A. Engel reported a tax-related disposition of Corteva shares. The company withheld 906 common shares at $81.01 each to pay taxes due on vested restricted stock units, a routine compensation-related event rather than an open-market transaction.
Does this Corteva (CTVA) Form 4 reflect an open-market sale by the director?
No, the Form 4 does not show an open-market sale. It records shares withheld by Corteva to satisfy tax liabilities from vesting restricted stock units, which is classified as a tax-withholding disposition rather than a discretionary sale by the director.
What does transaction code F mean in this Corteva (CTVA) Form 4?
Transaction code F indicates a disposition to pay taxes or exercise costs using issuer securities. Here, it represents Corteva withholding 906 shares from Klaus A. Engel to cover taxes due when his restricted stock units vested, rather than a voluntary market sale.