Form 4: Ingredion Director Uribe Reports Stock Transactions

Ingredion Inc. Director Jorge A. Uribe reported the acquisition of shares as part of his annual retainer and subsequent disposals for tax withholding and fractional share settlement.

Summary

• Jorge A. Uribe, a Director of Ingredion Inc. (INGR), reported transactions involving the company's common stock on December 5, 2025.
• Uribe acquired 371.402 shares of common stock at a price of $107.7 per share, which were issued as part of his annual retainer for outside directors.
• Concurrently, 170.836 shares were disposed of at $107.7 per share to cover applicable taxes.
• An additional 0.566 fractional shares were disposed of at $107.7 per share, settled in cash.
• Following these transactions, Uribe directly beneficially owns 13,033.3544 shares of common stock.
• Uribe also indirectly beneficially owns 5,937 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 filing reports routine insider transactions for a director's compensation, including an acquisition of shares as part of an annual retainer, offset by disposals for tax purposes. This is a neutral event, slightly positive due to the equity compensation.

Positives

• Director Jorge A. Uribe acquired 371.402 shares of common stock as part of his annual retainer, indicating continued compensation in company equity.

Negatives

• 170.836 shares were disposed of to cover tax obligations, which is a common practice but reduces direct shareholding.
• A small number of fractional shares (0.566) were disposed of and settled in cash.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of shares by Director Jorge A. Uribe as part of his annual retainer is a related party transaction, representing compensation from the company.

Stakeholder Impact

• Shareholders: The transactions represent routine compensation for a director, with a slight increase in direct beneficial ownership after accounting for tax-related disposals, which could be seen as a minor positive for alignment of interests.
• Management/Directors: The filing details the equity component of director compensation, which is a standard practice to align director interests with shareholder value.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to director compensation, specifically the issuance of shares as part of an annual retainer and subsequent tax-related disposals. Such transactions are standard and generally do not indicate a significant change in the company's fundamental outlook or warrant a change in investment recommendation. The net effect on the director's beneficial ownership is minor and expected. Therefore, a "hold" recommendation is appropriate as this filing provides no new information to alter an existing investment thesis.

Keywords

Ingredion Inc, INGR, Form 4, Insider Trading, Director Stock, Equity Compensation, Share Acquisition, Share Disposal, Restricted Stock Units, RSUs