Form 4: Ingredion Director Boosts Stake with RSU Acquisition

Ingredion Inc. Director Charles V. Magro acquired 532.171 restricted stock units as part of his annual retainer, increasing his beneficial ownership to 8,363.153 units.

Summary

• Charles V. Magro, a Director of Ingredion Inc. (INGR), acquired 532.171 shares of common stock in the form of restricted stock units (RSUs).
• The transaction occurred on September 30, 2025, at a price of $124.49 per unit.
• Following this acquisition, Magro's beneficial ownership increased to 8,363.153 units.
• These RSUs are part of the Company's annual retainer for outside directors.
• The RSUs are payable in stock no earlier than six months after resignation or retirement as a director and no later than ten years thereafter.
• The reported beneficial ownership includes RSUs acquired through deemed dividend reinvestment, which vest concurrently with the original RSUs.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock units by a director is generally a positive signal, as it aligns management's interests with shareholders. While routine, it indicates continued commitment and a standard compensation practice.

Positives

• Director Charles V. Magro increased his beneficial ownership in Ingredion Inc. by acquiring 532.171 restricted stock units.
• This transaction aligns the director's interests more closely with those of shareholders, as his compensation is tied to the company's stock performance.
• The acquisition is part of a structured annual retainer for outside directors, indicating a planned and routine compensation event.

Negatives

• The restricted stock units are not immediately convertible to cash, as they are payable in stock no earlier than six months after resignation or retirement and no later than ten years thereafter.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting schedule of the restricted stock units.

Industry Context

This transaction represents a routine compensation event for an outside director, common across publicly traded companies to align executive and director interests with shareholder value through equity-based incentives.

Related Party Transactions

• The acquisition of restricted stock units by Director Charles V. Magro constitutes a related party transaction, as it is part of his compensation as an outside director.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to stock-based compensation.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Ingredion, INGR, Form 4, Insider Transaction, Restricted Stock Units, Director Compensation, Equity Compensation