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

Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., reports acquisitions of common stock through a 401(k) plan.

Summary

• Larry Fernandes, a Senior Vice President at Ingredion Inc., filed a Form 4 with the SEC.
• The form details changes in his beneficial ownership of Ingredion Inc. common stock.
• The reported transactions involve acquisitions of common stock through a 401(k) plan.
• On January 19, 2024, 3.705 shares were acquired at $109.9406 per share.
• On February 21, 2024, 3.514 shares were acquired at $115.9163 per share.
• On February 29, 2024, 3.703 shares were acquired at $117.2617 per share.
• Following these transactions, Fernandes beneficially owns 5,946.82 shares of Ingredion Inc. common stock through his 401(k) plan.
• The total also reflects 401(k) plan administrative fees that were assessed against the participant's holdings in the Ingredion Stock Fund.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard SEC filing detailing stock acquisitions through a 401(k) plan.

Positives

• Executive's increased investment in company stock may signal confidence in the company's future performance.

Industry Context

Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative for investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates