Form 4: Ingredion Director Uribe Reports Share Acquisition

Ingredion Inc. Director Jorge A. Uribe reported the acquisition of common stock as part of his annual retainer, alongside tax withholdings and fractional share settlements.

Summary

• Jorge A. Uribe, a Director of Ingredion Inc. (INGR), reported transactions involving the company's common stock.
• On September 30, 2025, Uribe acquired 321.311 shares of common stock at a price of $124.49 per share, issued as part of his annual retainer for outside directors.
• Concurrently, 42.837 shares were disposed of at $124.49 per share to cover applicable taxes.
• An additional 0.474 fractional shares were disposed of at $124.49 per share, settled in cash.
• Following these transactions, Uribe directly beneficially owns 13,022.9806 shares and indirectly owns 5,659 shares through Cafedan Investments Ltd Trust.
• The reported beneficial ownership includes Restricted Stock Units (RSUs) acquired through deemed dividend reinvestment, which vest concurrently with the underlying RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director, even as part of compensation, generally signals alignment with company performance. The dispositions are routine for tax purposes and fractional share settlement.

Positives

• Director Jorge A. Uribe acquired 321.311 shares of Ingredion Inc. common stock, demonstrating continued equity alignment with shareholders.
• The acquisition was part of the annual retainer for outside directors, indicating a standard compensation practice.

Negatives

• 42.837 shares were disposed of to cover applicable taxes, which is a routine event for equity compensation.
• 0.474 fractional shares were settled in cash, a minor administrative transaction.

Industry Context

This filing represents a routine insider transaction for director compensation, common across publicly traded companies where non-employee directors receive a portion of their annual retainer in company equity to align their interests with shareholders. It does not reflect broader industry trends or competitive positioning.

Related Party Transactions

• The acquisition of common stock by Director Jorge A. Uribe as part of his annual retainer is a standard related party transaction for director compensation.

Stakeholder Impact

• Shareholders: The director's acquisition of shares, even as compensation, aligns his interests with those of other shareholders, potentially fostering better governance and long-term value creation.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction related to director compensation. The acquisition of shares as part of an annual retainer, followed by tax-related dispositions, is a standard event and does not provide new fundamental information to warrant a change in investment recommendation. It primarily confirms ongoing director equity alignment. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell.

Keywords

Ingredion Inc, INGR, Jorge A. Uribe, SEC Form 4, Insider Trading, Director Compensation, Common Stock, Equity Acquisition, Restricted Stock Units, RSUs