CTVA Form 4: SVP/CLO awarded RSUs and options exercisable through 2035
Rhea-AI Filing Summary
Insider grants to Corteva SVP and Chief Legal Officer Jennifer Amy Johnson — The Form 4 discloses that on 09/15/2025 Ms. Johnson was granted 4,282 restricted stock units (RSUs) and a non-qualified stock option for 12,418 shares with an exercise price of $70.07. The RSUs vest in three equal annual installments beginning on the grant date and the option likewise vests in three equal annual installments; the option expires on 09/15/2035. Following the transactions, Ms. Johnson directly beneficially owns 4,282 common shares and holds options covering 12,418 shares. The Form 4 was signed under power of attorney on 09/17/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine executive equity awards align management incentives without indicating unusual governance risk.
The disclosed grants are standard long-term incentive tools: time-based RSUs and a time-vested non-qualified option. Vesting over three years ties retention to tenure and aligns the CLO with shareholder value creation. There is no disclosure here of accelerated vesting, related-party issues, or change-in-control provisions, and ownership is direct. Given the information, this filing appears to be a customary compensation action rather than a governance red flag.
TL;DR: Awards size and structure are typical for an SVP/CLO; option strike equals reported exercise price of $70.07.
The package consists of 4,282 RSUs and a 12,418-share non-qualified option exercisable through 2035, vesting in three equal installments. The effective grant-to-option ratio and multi-year vesting promote retention and potential upside participation if stock price appreciates above $70.07. No cash compensation or total target long-term incentive value is provided, limiting quantitative assessment of mix versus peer practices.