4/A: Ingredion Inc. Executive VP and CFO, James D. Gray, Executes Stock Transactions Under 10b5-1 Plan
SEC Form 4/A Filing
Ingredion Inc.'s Executive VP and CFO, James D. Gray, engaged in multiple transactions involving the acquisition and disposal of company stock and stock options on November 29, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- James D. Gray, Executive VP and CFO of Ingredion Inc., executed multiple transactions involving the company's common stock and employee stock options on November 29, 2024.
- These transactions included the acquisition of 4,807 shares at $99.96, 12,090 shares at $118.97, 18,352 shares at $130.30 and 19,620 shares at $91.85.
- Mr. Gray also disposed of 4,807 shares at a weighted average price of $146.693, 12,090 shares at a weighted average price of $146.766, 18,352 shares at a weighted average price of $146.782 and 19,620 shares at a weighted average price of $146.758.
- The transactions were made under a pre-arranged 10b5-1 trading plan.
- The reported transactions also included the acquisition of employee stock options at various exercise prices, which vest over time.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It does not contain any information that would be considered positive or negative from an investment perspective.
Positives
- The transactions were executed under a pre-arranged 10b5-1 trading plan, which is a common practice for corporate insiders to avoid accusations of insider trading.
- The reporting person has undertaken to provide full information as requested regarding the number of shares sold at each separate price.
Risks
- The document does not contain any specific risks.
Industry Context
This type of filing is standard for corporate insiders who engage in transactions involving their company's stock. It is a routine disclosure required by the SEC.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, including those in the food and beverage industry like Archer Daniels Midland (ADM) and Bunge Limited (BG).
- The reporting of stock transactions via Form 4 filings is a standard regulatory requirement for all publicly traded companies in the United States.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/29/2024 | Date of the stock and option transactions. |
| 12/02/2024 | Date of the amended filing. |
| 02/01/2026 | Expiration date of some employee stock options. |
| 02/06/2027 | Expiration date of some employee stock options. |
| 02/05/2028 | Expiration date of some employee stock options. |
| 02/07/2029 | Expiration date of some employee stock options. |
Keywords
Ingredion Inc, insider trading, Form 4, James D. Gray, stock options, 10b5-1 plan, executive compensation, stock transactions
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