Form 4: Ingredion Inc. Executive Larry Fernandes Reports Stock Transactions
SEC Form 4 Filing
Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., reports the acquisition and disposal of company stock on February 11, 2025.
Summary
- On February 11, 2025, Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., reported transactions involving Ingredion Inc. common stock.
- Fernandes acquired 5,756 shares of common stock upon the vesting of a performance share award granted on February 16, 2022, at a price of $0.
- Concurrently, 1,733 shares were withheld to cover applicable taxes related to the vesting of the performance share award at a price of $128.66.
- Following these transactions, Fernandes beneficially owns 33,392.5258 shares of Ingredion Inc. common stock, which includes restricted stock units (RSUs) acquired through deemed dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for executives to receive stock-based compensation and subsequently report transactions related to vesting or exercising of these awards.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders due to the change in ownership by an executive.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date of grant for the performance share award. |
| February 11, 2025 | Date of stock acquisition and disposal due to vesting of performance share award and tax withholding. |
| February 13, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Ingredion Inc, INGR, Larry Fernandes, Performance Share Award, Restricted Stock Units, RSUs
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