Form 4: Ingredion Inc. CEO James P. Zallie Reports Stock Transactions
SEC Form 4 Filing
Ingredion Inc. CEO James P. Zallie reports acquisition and disposal of company stock related to vesting of performance share awards and tax obligations.
Summary
- On February 11, 2025, James P. Zallie, President and CEO of Ingredion Inc., reported transactions involving Ingredion's common stock.
- Zallie acquired 68,516 shares of common stock upon the vesting of a performance share award granted on February 16, 2022, at a price of $0.
- He also disposed of 29,187 shares to cover applicable taxes at a price of $128.66 per share.
- Following these transactions, Zallie beneficially owns 92,086.5701 shares of Ingredion common stock, which includes restricted stock units acquired through deemed dividend reinvestment.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document simply reports stock transactions related to executive compensation. The vesting of shares is a positive sign, but the sale to cover taxes is a neutral event.
Positives
- The vesting of performance share awards indicates that performance metrics were met.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Comparison to Industry Standards
- Executive compensation packages often include performance-based equity awards to align management's interests with those of shareholders.
- Vesting schedules and tax withholding practices are typical components of these awards.
- Companies like Archer Daniels Midland (ADM) and Bunge (BG) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date of grant for the performance share award. |
| February 11, 2025 | Date of stock acquisition and disposal transactions. |
| February 13, 2025 | Date of signature for the report. |
Keywords
Ingredion, Zallie, Stock, Form 4, CEO, Performance Share Award, Vesting, Transactions, Beneficial Ownership
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