Form 4: Ingredion Inc. Director Victoria Reich Reports Acquisition of Restricted Stock Units

Director Victoria Reich reports acquisition of Ingredion Inc. restricted stock units as part of annual retainer and dividend reinvestment.

Summary

• On September 30, 2024, Victoria Reich, a director of Ingredion Inc., acquired 295.399 shares of common stock in the form of restricted stock units (RSUs) at a price of $135.41 per share.
• These RSUs were issued as part of the annual retainer for outside directors.
• The RSUs are payable in stock no earlier than six months and no later than ten years after resignation or retirement as a director.
• Reich also acquired additional RSUs through deemed dividend reinvestment.
• Following the transaction, Reich beneficially owns 17,348.1416 shares of Ingredion Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The acquisition of restricted stock units by a director demonstrates alignment with shareholder interests.
• Dividend reinvestment further increases the director's stake in the company.

Industry Context

Director stock acquisitions are common and are viewed as a way to align management and shareholder interests. The use of RSUs is a typical compensation practice.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units.
• The vesting schedules for RSUs typically range from immediate vesting to vesting over several years, contingent on continued service.
• The specific terms of Ingredion's director compensation are likely comparable to those of its peers in the food ingredients industry.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates