Form 4: Darling Ingredients Exec Reports Stock Transactions

Darling Ingredients EVP Patrick McNutt reported the acquisition of 8,681 restricted stock units and the disposition of 1,787 shares for tax purposes.

Summary

• Patrick McNutt, Executive Vice President and Chief Administrative Officer of Darling Ingredients Inc. (DAR), reported changes in his beneficial ownership of common stock.
• On January 3, 2026, McNutt disposed of 1,787 shares of common stock at a price of $37.64 per share, primarily for the payment of tax liability by withholding securities.
• Following this disposition, McNutt beneficially owned 29,337 shares directly.
• On January 5, 2026, McNutt acquired 8,681 shares of common stock through an award of Restricted Stock Units (RSUs) at a deemed price of $37.56 per share.
• These RSUs were issued under the Darling Ingredients Inc. 2017 Omnibus Incentive Plan and will vest in three equal installments of 33-1/3% on each of the first three anniversaries of the grant date.
• After the RSU acquisition, McNutt's direct beneficial ownership increased to 38,018 shares.
• A Power of Attorney, effective November 5, 2025, was granted by Patrick McNutt to Nick Kemphaus, Teun Tchornobay, and Bipasha Mukherjee to handle SEC filings on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a positive sign of executive alignment, while the tax-related disposition is a routine, neutral event.

Positives

• The acquisition of 8,681 Restricted Stock Units (RSUs) aligns executive incentives with long-term shareholder value creation.

Negatives

• The disposition of 1,787 shares was for tax withholding purposes, a routine event that reduces direct share ownership.

Risks

• This Form 4 filing, being a report of insider transactions, does not introduce new or specific company-wide risks.

Future Outlook

The acquired Restricted Stock Units (RSUs) will vest in three equal installments of 33-1/3% on each of the first three anniversaries of the grant date, indicating future share distributions to the executive.

Industry Context

This filing reports routine insider stock transactions and executive compensation, which are common across all publicly traded companies and do not provide specific insights into broader industry trends for Darling Ingredients Inc.'s sector.

Comparison to Industry Standards

• Not applicable, as this filing details individual insider stock transactions rather than company-wide financial or operational performance that would typically be benchmarked against industry standards.

Corporate Governance

Related Party Transactions

• Patrick McNutt, an executive officer of Darling Ingredients Inc., disposed of 1,787 shares of common stock for tax purposes at $37.64 per share.
• Patrick McNutt acquired 8,681 Restricted Stock Units (RSUs) under the company's 2017 Omnibus Incentive Plan at a deemed price of $37.56 per share.

Stakeholder Impact

• Shareholders: Minor impact from routine insider transactions; the RSU grant aligns executive interests with long-term shareholder value.
• Management: Patrick McNutt's compensation structure is reinforced through the RSU grant, linking his incentives to company performance.

Next Steps

• The Restricted Stock Units (RSUs) will vest in three annual installments of 33-1/3% on the first three anniversaries of the January 5, 2026 grant date.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation and tax obligations. It does not provide sufficient information regarding the company's operational performance, financial health, or strategic direction to warrant a 'buy' or 'sell' recommendation. Investors should consider this a standard compliance disclosure.

Keywords

Darling Ingredients, DAR, Form 4, Insider Trading, Restricted Stock Units, RSU, Executive Compensation, Stock Transactions, Corporate Governance