Form 4: Ingredion Inc. Executive Acquires 2,602 Shares of Common Stock

Michael J. Leonard, SVP, CIO & Head of Prot. Fort. of Ingredion Inc., acquired 2,602 shares of common stock at a price of $121.37 per share on May 13, 2024.

Summary

• On May 13, 2024, Michael J. Leonard, an officer of Ingredion Inc., acquired 2,602 shares of the company's common stock.
• The shares were acquired at a price of $121.37 per share.
• Following the transaction, Mr. Leonard directly owns 2,602 shares of Ingredion Inc. common stock.
• The acquisition also included 2,602 restricted stock units (RSUs) under the Ingredion Incorporated 2023 Stock Incentive Plan, which will vest on May 13, 2027.
• These RSUs can only be settled in shares of common stock, with one share per RSU.
• In the event of termination of employment due to death or disability, the RSUs will fully vest on the date of termination.
• In the event of Retirement (as defined in the grant agreement), the RSUs will continue to vest in accordance with the original vesting schedule.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the executive's stock purchase, which suggests confidence in the company. However, it's a routine transaction, so the impact is limited.

Positives

• An executive's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements about the company's future performance, but the executive's stock purchase could be interpreted as a positive sign.

Industry Context

Executive stock purchases are common and are often viewed as a sign of confidence in the company's prospects. Monitoring these transactions can provide insights into management's sentiment.

Comparison to Industry Standards

• Executive compensation packages, including stock options and RSUs, are standard practice in publicly traded companies like Ingredion.
• The vesting schedule of three years for the RSUs is a typical timeframe for such grants.

Stakeholder Impact

• The executive's stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates