Vylor Audrey Grimm receives 87,210 spin-off shares
Some converted options were already vested and exercisable, while other awards have vesting installments scheduled through February 18, 2028.
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Form Type
4
Rhea-AI Filing Summary
Vylor Inc. Chief People Officer Audrey Grimm received 87,210 shares of Vylor common stock on October 1, 2026, in connection with Vylor’s spin-off from Corteva. The distribution was one Vylor common share for each Corteva common share held. The reported amount includes Vylor stock received in the spin-off, including restricted stock units and dividend equivalent units.
Six stock option awards originally granted by Corteva were converted into Vylor equity awards. They cover 750, 1,619, 12,303, 12,579, 9,205 and 6,483 underlying shares, respectively; some options were already vested and exercisable, while others have future vesting installments.
Insider Trade Summary
Other: 130,148.6614 shares
Other
7 txns
Insider
Grimm Audrey
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Options (Right to Buy) F2 | 750 | $0.00 | $0.00 |
| Other | Stock Options (Right to Buy) F3 | 1,619 | $0.00 | $0.00 |
| Other | Stock Options (Right to Buy) F4 | 12,303 | $0.00 | $0.00 |
| Other | Stock Options (Right to Buy) F5 | 12,579 | $0.00 | $0.00 |
| Other | Stock Options (Right to Buy) F6 | 9,205 | $0.00 | $0.00 |
| Other | Stock Options (Right to Buy) F6 | 6,483 | $0.00 | $0.00 |
| Other | Common F1 | 87,209.6614 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 42,939 contracts (Direct);
Common — 87,209.6614 shares (Direct)
Footnotes (6)
- 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. Represents equity awards originally granted by Corteva that have been converted into Vylor equity awards in connection with the spin-off of Vylor from Corteva, as described in Vylor's Resigistration Statement on Form 10 filed with the SEC on September 21, 2026.
- F3. Represents equity awards originally granted by Corteva that have been converted into Vylor equity awards in connection with the spin-off of Vylor from Corteva, as described in Vylor's Resigistration Statement on Form 10 filed with the SEC on September 21, 2026. 552 options are vested and exercisable. The remaining options will vest in two equal installments on February 18, 2027 and February 18, 2028.
- F4. Represents equity awards originally granted by Corteva that have been converted into Vylor equity awards in connection with the spin-off of Vylor from Corteva, as described in Vylor's Registration Statement on Form 10 filed with the SEC on September 21, 2026. 4,101 options are vested and exercisable. The remainingoptions will vest in two equal installments on February 18, 2027 and February 18, 2028.
- F5. Represents equity awards originally granted by Corteva that have been converted into Vylor equity awards in connection with the spin-off of Vylor from Corteva, as described in Vylor's Registration Statement on Form 10 as filed with the SEC on September 21, 2026. 8385 options are vested and exercisable. The remaining options will vest ion February 20, 2027.
- F6. Represents equity awards originally granted by Corteva that have been converted into Vylor equity awards in connection with the spin-off of Vylor from Corteva, as described in Vylor's Registration Statement on Form 10 filed with the SEC on September 21, 2026. These options are vested and exercisable.
Key Figures
Common shares received: 87,210 shares
Converted option award: 750 underlying shares; $37.23 exercise price
Converted option award: 1,619 underlying shares; $45.00 exercise price
+4 more
7 metrics
Common shares received
87,210 shares
Received in connection with the Vylor spin-off on October 1, 2026
Converted option award
750 underlying shares; $37.23 exercise price
Originally granted by Corteva
Converted option award
1,619 underlying shares; $45.00 exercise price
Originally granted by Corteva
Converted option award
12,303 underlying shares; $57.22 exercise price
Originally granted by Corteva
Converted option award
12,579 underlying shares; $48.25 exercise price
Originally granted by Corteva
Converted option award
9,205 underlying shares; $55.29 exercise price
Originally granted by Corteva
Converted option award
6,483 underlying shares; $52.08 exercise price
Originally granted by Corteva
Key Terms
spin-off, restricted stock units, dividend equivalent units, vested and exercisable, +1 more
5 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.
vested and exercisable financial
"552 options are vested and exercisable"
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.
What were the exercise prices of Audrey Grimm’s converted VYLR options?
The converted option awards covered 750 shares at $37.23, 1,619 at $45.00, 12,303 at $57.22, 12,579 at $48.25, 9,205 at $55.29 and 6,483 at $52.08. The awards were originally granted by Corteva and converted into Vylor equity awards.
When do Audrey Grimm’s converted VYLR options vest?
Of the converted awards, 552 of the 1,619 options and 4,101 of the 12,303 options were vested and exercisable; the remaining options in those awards vest in two equal installments on February 18, 2027 and February 18, 2028. Of the 12,579-option award, 8,385 were vested and exercisable, with the remaining options vesting February 20, 2027. The 9,205- and 6,483-option awards were vested and exercisable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
