Form 4: Ingredion CFO Sells Shares for Tax Obligations

Ingredion's Executive VP and CFO, James D. Gray, disposed of 146 shares of common stock to cover tax liabilities related to a restricted stock unit grant.

Summary

• James D. Gray, Executive VP and CFO of Ingredion Inc. (INGR), reported a transaction involving the company's common stock.
• On October 10, 2025, Mr. Gray disposed of 146 shares of common stock at a price of $119.73 per share.
• This disposal was categorized as 'F', indicating shares withheld to pay applicable taxes.
• The tax withholding was connected to a restricted stock unit (RSU) grant from February 26, 2025, and Mr. Gray's attainment of retirement eligibility under the 2023 Ingredion Stock Incentive Plan.
• The reported amount includes RSUs acquired through deemed dividend reinvestment.
• Following this transaction, Mr. Gray directly beneficially owns 23,766.881 shares and an additional 31,088 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary tax-related sale of shares, which is a neutral event for the company's stock performance.

Positives

• The underlying restricted stock unit (RSU) grant represents a form of executive compensation, aligning management's interests with shareholder value.
• The executive's attainment of retirement eligibility under the 2023 Ingredion Stock Incentive Plan indicates long-term service and commitment to the company.

Negatives

• The transaction resulted in a reduction of 146 shares from the executive's direct beneficial ownership, even though it was for tax purposes.

Risks

• No specific risks are directly identified in this Form 4 filing beyond the general implication of a minor reduction in insider ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This specific insider transaction is a routine tax-related event for an executive and does not provide broader insights into industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but generally considered a routine administrative event with minimal impact on investor sentiment.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a non-discretionary sale of shares by an executive to cover tax obligations related to an RSU grant. Such transactions are routine and do not reflect management's view on the company's future prospects or fundamental value. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Ingredion, INGR, Form 4, Insider Transaction, Executive Compensation, James D. Gray, CFO, Stock Sale, Restricted Stock Units, Tax Withholding