Form 4: Ingredion Inc. Executive Larry Fernandes Reports Stock Transactions
SEC Form 4 Filing
SVP, Chief Comm & Sust Officer Larry Fernandes reports the exercise of stock options and subsequent sale of shares, along with adjustments to holdings in a 401(k) plan.
Summary
- On November 6, 2024, Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., executed transactions involving Ingredion's common stock.
- Fernandes exercised employee stock options to acquire 4,700 shares at a price of $99.96 per share.
- Simultaneously, Fernandes sold 4,700 shares at $153.41 per share.
- Following these transactions, Fernandes directly owns 29,034.3508 shares of Ingredion common stock.
- Additionally, Fernandes indirectly owns 6,122.314 shares through a 401(k) plan, reflecting administrative fees and dividend reinvestments.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions. There is no inherent positive or negative implication.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions are closely watched by investors for insights into management's view of the company's prospects.
Comparison to Industry Standards
- Executive stock option exercises and sales are standard practice across publicly traded companies, particularly in the compensation packages of senior management.
- The specific details, such as the exercise price ($99.96) and sale price ($153.41), are unique to Ingredion and the terms of Fernandes' compensation package.
- Similar filings can be observed for executives at comparable companies in the food ingredients and processing industry, such as Archer Daniels Midland (ADM) and Bunge (BG).
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/02/2017 | First vesting date of employee stock options. |
| 02/02/2018 | Second vesting date of employee stock options. |
| 02/02/2019 | Third vesting date of employee stock options. |
| 02/01/2026 | Expiration date of employee stock options. |
| 11/06/2024 | Date of stock option exercise and sale of shares. |
| 11/07/2024 | Date of signature on the Form 4 filing. |
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