Form 4: Ingredion Inc. Director Uribe Transfers Shares to Trust
SEC Form 4 Filing
Director Jorge A. Uribe transferred shares of Ingredion Inc. common stock to a trust on February 1, 2024.
Summary
- On February 1, 2024, Jorge A. Uribe, a director of Ingredion Inc., transferred 5 shares of Ingredion common stock to the Cafedan Investments Ltd Trust.
- Uribe is the trustee of this trust, and his children are the beneficiaries.
- Following the transaction, Uribe directly owns 12,273.538 shares and indirectly owns 4,127 shares through the Cafedan Investments Ltd Trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding an insider transaction, so the sentiment is neutral.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a broader trend in the food ingredients industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Similar filings are common among directors and officers of comparable companies like Archer Daniels Midland (ADM) and Bunge Limited (BG).
Stakeholder Impact
- The transfer of shares to a trust may have a minor impact on shareholders, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Date of the share transfer to Cafedan Investments Ltd Trust |
| 04/22/2024 | Date of signature by attorney-in-fact |
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