Corteva (CTVA) director has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corteva, Inc. director Marcos M. Lutz reported a routine tax-related share disposition. On the vesting of previously granted restricted stock units, the issuer withheld 906 shares of Common Stock to pay taxes, valued at $81.01 per share. After this withholding, Lutz directly holds about 63,053 shares of Corteva common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lutz Marcos M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 906 | $81.01 | $73K |
Holdings After Transaction:
Common Stock — 63,053.086 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: 63,053.0864 shares
3 metrics
Shares withheld for taxes
906 shares
Withheld to pay taxes on RSU vesting
Withholding price per share
$81.01 per share
Value used for tax-withholding disposition
Shares held after transaction
63,053.0864 shares
Director’s direct Corteva holdings post-transaction
Key Terms
restricted stock units, tax-withholding disposition, Common Stock, Form 4
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.
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.
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.
FAQ
What insider transaction did Corteva (CTVA) director Marcos Lutz report?
Director Marcos M. Lutz reported a tax-withholding disposition of Corteva common shares. The company withheld 906 shares to cover taxes due when his restricted stock units vested, rather than an open-market sale initiated by the director.
Does this Corteva (CTVA) Form 4 show an open-market sale by the director?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Corteva to pay taxes owed when restricted stock units vested, a common administrative transaction rather than a discretionary sale.
What does transaction code F mean in the Corteva (CTVA) Form 4?
Transaction code F indicates a payment of tax liability by delivering securities. For Corteva director Marcos M. Lutz, it means 906 shares were withheld by the issuer to cover taxes due upon vesting of restricted stock units.