Form 4: Darling Ingredients Director Randy L. Hill Reports Acquisition of Deferred Stock Units

Director Randy L. Hill reports acquisition of 2,915 Deferred Stock Units (DSUs) in Darling Ingredients Inc. on January 2, 2025, at a price of $34.31 per share.

Summary

• On January 2, 2025, Randy L. Hill, a director of Darling Ingredients Inc., acquired 2,915 Deferred Stock Units (DSUs) at a price of $34.31 per share.
• These DSUs were granted in accordance with the 2017 Omnibus Incentive Plan.
• The number of shares underlying the DSU award is equal to the annual cash compensation the reporting person elected to receive in DSUs, divided by the closing market price of a share of the issuer's common stock on January 2, 2025.
• The DSUs vest in full on December 31, 2025, but will vest in a prorated portion if the reporting person ceases to serve as a director before that date, with unvested DSUs being forfeited.
• Following the transaction, Hill directly owns 5,669 shares of Darling Ingredients Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction related to executive compensation. The acquisition of DSUs is generally seen as a positive sign, but it's a routine occurrence.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will vest on December 31, 2025, contingent on continued service as a director.

Industry Context

Insider transactions are closely watched as indicators of management's confidence in the company's prospects within the rendering and recycling industry.

Comparison to Industry Standards

• Comparing insider activity at Darling Ingredients to that of competitors like Tyson Foods or Pilgrim's Pride can provide insights into relative management sentiment.
• Monitoring similar DSU grants at comparable companies such as Waste Management or Republic Services can offer benchmarks for executive compensation practices.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's continued investment in the company.

Key Dates