Corteva (CTVA) officer exercises options and sells 8,311 shares in Form 4
Rhea-AI Filing Summary
Corteva, Inc. officer Brian Titus reported several equity transactions in company stock. He exercised a fully vested non-qualified stock option for 4,311 shares of common stock at an exercise price of $50.70 per share. On the same date, he sold 4,311 shares of common stock at a weighted average price of about $76.57 per share and an additional 4,000 shares at a weighted average price of about $76.53 per share, all in open-market transactions. The filing notes these sales occurred through multiple trades within narrow price ranges. Separately, 132 shares of common stock were withheld by the issuer at $76.31 per share to cover taxes due on vesting of previously granted restricted stock units. After these transactions, Titus directly owned 8,089.9918 shares of Corteva common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right-to-buy) | 4,311 | $0.00 | -- |
| Tax Withholding | Common Stock | 132 | $76.31 | $10K |
| Exercise | Common Stock | 4,311 | $50.70 | $219K |
| Sale | Common Stock | 4,311 | $76.5652 | $330K |
| Sale | Common Stock | 4,000 | $76.5318 | $306K |
Footnotes (1)
- Represents shares withheld by the Issuer to pay taxes due following the vesting of previously granted restricted stock units. The price reported represents the weighted average price. The shares were sold in multiple transactions at prices ranging from $76.560 to $76.585, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The price reported represents the weighted average price. The shares were sold in multiple transactions at prices ranging from $76.520 to 76.555, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. This option is fully vested and exercisable