Form 4: Ingredion Inc. Executive Larry Fernandes Reports Changes in Beneficial Ownership

Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., reports a transaction involving common stock on March 16, 2024, resulting in a slight decrease in his holdings.

Summary

• On March 16, 2024, Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., engaged in transactions involving the company's common stock.
• 148 shares were withheld to cover applicable taxes upon the vesting of 332 restricted stock units granted on March 16, 2021, at a price of $114.75.
• Additionally, 0.5387 shares were settled in stock at a price of $114.75.
• Following these transactions, Fernandes directly owns 28,817.5186 shares of Ingredion Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive stock transactions are common across publicly traded companies.
• The withholding of shares for tax obligations upon vesting of restricted stock units is a standard practice.
• The size of the transaction is small relative to the total shares outstanding, suggesting it is unlikely to have a significant impact on the stock price.

Key Dates