Form 4: Ingredion Inc. Director Transfers Shares to Trust
SEC Form 4 Filing
Director Jorge A. Uribe transferred 277 shares of Ingredion Inc. common stock to the Cafedan Investments Ltd Trust on April 10, 2024.
Summary
- On April 10, 2024, Jorge A. Uribe, a director of Ingredion Inc., transferred 277 shares of common stock to the Cafedan Investments Ltd Trust.
- Following the transaction, Uribe directly owns 12,278.538 shares and indirectly owns 4,399 shares through the trust.
- Uribe serves as the trustee of the Cafedan Investments Ltd Trust, and his children are the beneficiaries.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a share transfer, which is neutral in sentiment.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company stock by its directors.
Related Party Transactions
- The transfer of shares to the Cafedan Investments Ltd Trust, of which the insider is the trustee and his children are the beneficiaries, constitutes a related party transaction.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders, as it is a transfer of shares and does not represent a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of the share transfer transaction. |
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