Form 4: Ingredion Inc. Executive Jinghuai Xu Reports Changes in Beneficial Ownership

Jinghuai Xu, SVP and Chief Innovation Officer at Ingredion Inc., reports transactions involving common stock and phantom stock, including tax withholding and stock settlements.

Summary

• On March 16, 2024, Jinghuai Xu, SVP, Chief Innovation Officer of Ingredion Inc., had 581 shares of common stock withheld to cover applicable taxes upon the vesting of 1,369 restricted stock units granted on March 16, 2021, at a price of $114.75.
• Additionally, 0.4051 residual shares were settled in stock on the same day at $114.75.
• Following these transactions, Xu directly owns 22,684.3485 shares of Ingredion Inc. common stock.
• On March 15, 2024, Xu was allocated 35.149 units of phantom stock under the SERP (Supplemental Executive Retirement Plan), each representing the right to receive one share of common stock.
• As of the report date, Xu holds 13,760.5289 units of phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, such as Archer Daniels Midland (ADM) and Bunge Limited (BG), where executives routinely report transactions in company stock.
• The reporting requirements are consistent across the industry, ensuring transparency in executive compensation and stock ownership.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
• Transparency in insider transactions helps maintain investor confidence.

Key Dates