Form 4: Ingredion Inc. Executive Larry Fernandes Reports Stock Transactions
SEC Form 4 Filing
Larry Fernandes, SVP, Chief Comm & Sust Officer at Ingredion Inc., reports the acquisition and disposal of common stock and the exercise of employee stock options on May 9, 2024.
Summary
- On May 9, 2024, Larry Fernandes, SVP, Chief Comm & Sust Officer of Ingredion Inc., engaged in transactions involving the company's common stock and employee stock options.
- Fernandes exercised employee stock options to acquire 2,369 shares of common stock at a price of $82.28 per share.
- Concurrently, Fernandes disposed of 2,369 shares of common stock at a weighted average price of $119.115, with prices ranging from $119.010 to $119.250.
- Following these transactions, Fernandes directly owns 28,847.673 shares and indirectly owns 6,057.39 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The executive profited from the transaction, but this is a normal part of executive compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Similar filings are made by executives at comparable companies like Archer Daniels Midland (ADM) and Bunge (BG), detailing their stock transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/03/2016 | First vesting date of employee stock options. |
| 02/03/2017 | Second vesting date of employee stock options. |
| 02/03/2018 | Third vesting date of employee stock options. |
| 02/02/2025 | Expiration date of employee stock options. |
| 05/09/2024 | Date of stock option exercise and sale of shares. |
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