Form 4: Ingredion Inc. Executive Larry Fernandes Reports Stock Acquisition
SEC Form 4 Filing
Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., reports the acquisition of common stock through a 401(k) plan.
Summary
- On March 13, 2024, Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., acquired 69.777 shares of common stock through a 401(k) plan.
- The price per share was $117.0346.
- Following the transaction, Fernandes beneficially owns 6,016.305 shares of Ingredion Inc. common stock indirectly through the 401(k) plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of stock acquisition by an executive. It can be seen as slightly positive due to the executive increasing their stake in the company.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the executive's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock acquisition |
| 03/14/2024 | Date of signature by attorney-in-fact |
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