Vylor director Kerry J. Preete acquires 18,551 shares
The reported distribution was one Vylor common share for each Corteva common share held.
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Form Type
4
Rhea-AI Filing Summary
Vylor Inc. director Kerry J. Preete reported acquiring 18,551 common shares directly and 2,500 common shares indirectly through a Revocable Living Trust on October 1, 2026, in connection with Vylor’s spin-off from Corteva Inc. The directly reported amount includes Vylor common stock received in the spin-off, including restricted stock units and dividend equivalent units. Corteva-denominated equity awards were also adjusted in part into Vylor-denominated awards.
Insider Trade Summary
Other: 21,051.2286 shares
Other
2 txns
Insider
Preete Kerry J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common F1 | 18,551.2286 | $0.00 | $0.00 |
| Other | Common F2 | 2,500 | $0.00 | $0.00 |
Holdings After Transaction:
Common — 18,551.2286 shares (Direct);
Common — 2,500 shares (Indirect, Revocable Living Trust)
Footnotes (2)
- F1. On October 1, 2026, the Reporting Person received a dividend of one (1) share of Vylor Inc. ("Vylor") common stock for every one (1) share of Corteva Inc. ("Corteva") common stock held by the Reporting Person, and the Reporting Person's equity awards denominated in Corteva common stock were adjusted, in part, into equity awards denominated in Vylor common stock, in connection with the spin-off of Vylor from Corteva. This amount includes the Vylor common stock received in connection with the spin-off in an exempt transaction pursuant to Rule 16b-3, including restricted stock units and dividend equivalent units.
- F2. On October 1, 2026, the Reporting Person received a dividend of one (1) share of Vylor Inc. ("Vylor") common stock for every one (1) share of Corteva Inc. ("Corteva") common stock held by the Reporting Person.
Key Figures
Directly reported shares: 18,551 shares
Indirectly reported shares: 2,500 shares
Spin-off dividend ratio: 1 Vylor share per 1 Corteva share
3 metrics
Directly reported shares
18,551 shares
Reported position following the October 1, 2026 transaction; includes stock and amounts associated with restricted stock units and dividend equivalent units.
Indirectly reported shares
2,500 shares
Reported through a Revocable Living Trust following the October 1, 2026 transaction.
Spin-off dividend ratio
1 Vylor share per 1 Corteva share
Common shares held by the reporting person.
Key Terms
spin-off, restricted stock units, dividend equivalent units, Rule 16b-3
4 terms
spin-off financial
"in connection with the spin-off of Vylor from Corteva"
A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.
restricted stock units financial
"including restricted stock units and dividend equivalent 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.
dividend equivalent units financial
"including restricted stock units and dividend equivalent units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Rule 16b-3 regulatory
"in an exempt transaction pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did the VYLR dividend work in the Corteva spin-off?
The reporting person received one Vylor common share for every one Corteva common share held on October 1, 2026. Corteva-denominated equity awards were adjusted in part into Vylor-denominated awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
