INGR.NYSEIngredion INC

Form 4: Ingredion Inc. Executive Larry Fernandes Reports Stock Sale to Cover Taxes on Vested Stock Units

Sentiment:

SEC Form 4 Filing

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Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., sold 35 shares of common stock on October 10, 2024, to cover taxes related to vested restricted stock units.

Summary

  • On October 10, 2024, Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., sold 35 shares of common stock at a price of $133.58 per share.
  • The sale was executed to cover applicable taxes arising from the vesting of restricted stock units (RSUs) granted on February 13, 2024, under the 2023 Ingredion Stock Incentive Plan.
  • Following the transaction, Fernandes directly owns 29,008.2738 shares of Ingredion Inc. common stock and indirectly owns 6,086.728 shares through a 401(k) plan.
  • Fernandes also holds 5,899 employee stock options, which vest in three equal annual installments starting February 13, 2025.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate any particular positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures of transactions by company insiders and are used to monitor their trading activity in their own company's stock.

Key Dates

DateDescription
02/13/2024Date of restricted stock units (RSUs) grant.
10/10/2024Date of stock sale transaction.
02/13/2025First vesting date for employee stock options.
02/13/2026Second vesting date for employee stock options.
02/13/2027Third vesting date for employee stock options.

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