Form 4: Ingredion Inc. Director Charles V. Magro Reports Acquisition of Common Stock

Director Charles V. Magro reports acquiring 489.255 shares of Ingredion Inc. common stock at $135.41 per share on September 30, 2024, along with adjustments to restricted stock units.

Summary

• On September 30, 2024, Charles V. Magro, a director of Ingredion Inc., acquired 489.255 shares of common stock at a price of $135.41 per share.
• These shares were obtained as restricted stock units (RSUs) issued as part of the annual retainer for outside directors.
• These RSUs are payable in stock no earlier than six months and no later than ten years after resignation or retirement as a director.
• Magro's total holdings following the transaction include 6,227.199 shares, which includes RSUs acquired through deemed dividend reinvestment.
• The RSUs acquired through deemed dividend reinvestment vest on the same dates as the RSUs with respect to which they are deemed dividends.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The director's acquisition could be seen as a positive signal, but it's a routine part of director compensation.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding Ingredion Inc.'s future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates