Form 4: Ingredion Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Robert A. Ritchie, SVP at Ingredion Inc., sold 44 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On October 10, 2024, Robert A. Ritchie, SVP, Food & Industrial Ingred. at Ingredion Inc. sold 44 shares of common stock.
- The sale was executed at a price of $133.58 per share.
- The transaction was to cover applicable taxes arising from the vesting of restricted stock units granted on February 13, 2024, under the 2023 Ingredion Stock Incentive Plan.
- Following the transaction, Ritchie directly owns 15,861.6398 shares of Ingredion Inc. common stock.
- Ritchie also holds employee stock options for 7,552 shares, which vest in three equal annual installments starting February 13, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting a common practice among corporate executives to sell shares to cover tax obligations arising from equity compensation.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/13/2024 | Date of restricted stock units grant. |
| 10/10/2024 | Date of stock sale transaction. |
| 10/15/2024 | Date of signature on the Form 4 filing. |
| 02/13/2025 | First vesting date for employee stock options. |
| 02/13/2026 | Second vesting date for employee stock options. |
| 02/13/2027 | Third vesting date for employee stock options. |
| 02/13/2034 | Expiration date for employee stock options. |
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