In 2023, Chuck Magro earned $2.99M in total compensation at Corteva, including $1.35M salary and $1.47M bonus. Most recently acquired 574 shares in Jun 2024. Currently holds stock worth $15.49M. 4+ years at the helm of Corteva.
Compensation History
Annual executive compensation data for Chuck Magro, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.99M
Salary
$1.35M
Bonus
$1.47M
Other
$170.73K
Salary
$1.35MBoard Justification
Corteva's compensation philosophy is to provide pay for performance in support of long-term business objectives, aligning executive compensation with stockholder interests.
Bonus
$1.47MBoard Justification
The bonus is based on the Performance Reward Plan (PRP) which had a payout factor of 72.7% of target for NEOs based on 2023 performance against financial metrics.
Other Compensation
$170.73KBoard Justification
Other compensation includes contributions to retirement plans and perquisites such as personal use of company aircraft.
Restricted Stock
Board Justification
No stock awards vested in 2023 as the focus is on the performance-based stock awards that will be evaluated over a multi-year period.
Performance Metrics
The performance metrics for 2023 included Operating EBITDA, Operating EBITDA margin, and Working Capital Turns.
Chuck Magro
CEO of Corteva
Education
Bachelor of Applied Science (Chemical Engineering) from the University of Waterloo; MBA from the University of Windsor
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Basic Materials
Born
January 1, 1969 - 56 years ago
CEO of Corteva for
4 years 1 month (Nov 2021 - Present)
Previous Experience
President and CEO of Nutrien Ltd.
Other Corteva CEOs
Holdings
Track Chuck Magro's stock holdings and portfolio value over time.
Insider Trading
Chuck Magro's recent stock transactions, purchases, and sales filed with the SEC.
$66.25K
INGR at $115.36/share
Jun 28, 2024
Received
$66.25K
INGR at $116.81/share
Mar 29, 2024
Received
40,471 shares
CTVA
Feb 18, 2024
Received
$62.50K
INGR at $103.99/share
Dec 11, 2023
Received
$62.50K
INGR at $99.59/share
Sep 29, 2023
Received
$62.55K
INGR at $105.95/share
Jun 30, 2023
Received
$62.50K
INGR at $98.41/share
Mar 31, 2023
Received
32,911 shares
CTVA
Feb 28, 2023
Received
$2.43M
CTVA at $60.64/share
Feb 6, 2023
Purchase
$61.33K
INGR at $81.71/share
Oct 3, 2022
Received
Rivals
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