Form 4: Ingredion Inc. CEO James P. Zallie Executes Stock Option and Sells Shares
SEC Form 4 Filing
Ingredion Inc.'s CEO, James P. Zallie, exercised stock options and sold 27,500 shares of common stock on June 3, 2024.
Summary
- On June 3, 2024, James P. Zallie, the President and CEO of Ingredion Inc., executed employee stock options to acquire 27,500 shares of common stock at a price of $82.28 per share.
- Simultaneously, Zallie sold 27,500 shares of Ingredion Inc. common stock at a weighted average price of $116.359, with individual transactions ranging from $115.620 to $117.850.
- Following these transactions, Zallie directly owns 52,196.8762 shares of Ingredion Inc. common stock and 73,530 restricted stock units.
- Zallie also continues to hold options to purchase Ingredion Inc. stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to assess management's perspective on the company's value and prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information provided is consistent with regulatory requirements for disclosing changes in beneficial ownership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by increasing the number of shares available in the market.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/03/2016 | One-third of the employee stock options vested. |
| 02/03/2017 | One-third of the employee stock options vested. |
| 02/03/2018 | One-third of the employee stock options vested. |
| 06/03/2024 | Date of the stock option exercise and share sale. |
| 02/02/2025 | Expiration date of the employee stock options. |
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