Form 4: Ingredion Inc. Director Uribe Reports Stock Transactions
SEC Form 4 Filing
Director Jorge A. Uribe reports acquisition and disposal of Ingredion Inc. common stock on September 30, 2024.
Summary
- On September 30, 2024, Director Jorge A. Uribe acquired 295.399 shares of Ingredion Inc. common stock at a price of $135.41 per share as part of their annual retainer.
- On the same day, 55.83 shares were withheld to cover applicable taxes at a price of $135.41 per share.
- Additionally, 0.569 fractional shares were settled in cash at $135.41 per share.
- Following these transactions, Uribe directly owns 12,680.6288 shares of common stock and indirectly owns 4,685 shares through Cafedan Investments Ltd Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by a director, which is a routine occurrence.
Positives
- The acquisition of shares as part of the annual retainer could be seen as a positive sign of the director's commitment to the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of stock acquisition and disposal transactions. |
| 10/01/2024 | Date of signature by attorney-in-fact. |
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