Form 4: Ingredion Director Transfers Shares to Family Trust

Ingredion director Jorge A. Uribe transferred 222 shares of common stock to a family trust on December 20, 2024.

Summary

• On December 20, 2024, Jorge A. Uribe, a director at Ingredion Inc, transferred 222 shares of Ingredion common stock.
• The shares were transferred to the Cafedan Investments Ltd Trust.
• Mr. Uribe is the trustee of the trust, and his children are the beneficiaries.
• The transfer was a disposition of directly owned shares and an acquisition of indirectly owned shares through the trust.
• Following the transaction, Mr. Uribe directly owns 12,515.0353 shares and indirectly owns 5,146 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine transaction, with no positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine transaction related to personal financial planning by a company director and does not reflect any specific industry trend or competitive activity.

Comparison to Industry Standards

• Share transfers to family trusts are a common practice among corporate executives for estate planning and wealth management.
• These transactions are typically disclosed through SEC Form 4 filings, which are standard for reporting changes in beneficial ownership by company insiders.
• The number of shares transferred is relatively small compared to the total outstanding shares of Ingredion, and is not unusual for such transactions.

Stakeholder Impact

• The transaction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Ingredion, Director, Share Transfer, Beneficial Ownership, Family Trust, Form 4, Insider Trading