4/A: Ingredion Inc. Executive VP and CFO James D. Gray Reports Amended Transaction
SEC Filing (Form 4/A)
James D. Gray, Executive VP and CFO of Ingredion Inc., filed an amended Form 4/A detailing changes in beneficial ownership of company stock due to tax withholding on restricted stock units and correcting an error in the original filing regarding stock options.
Summary
- On October 21, 2024, James D. Gray, Executive VP and CFO of Ingredion Inc., filed an amendment to a previous Form 4 filing.
- The amendment, filed on October 15, 2024, relates to transactions on October 10, 2024.
- The filing reports the withholding of 90 common stock shares at a price of $133.58 per share to cover applicable taxes related to a restricted stock unit (RSU) grant from February 13, 2024.
- The filing also corrects an error in the original filing, clarifying that the tax withholding did not affect the amount of the participant's stock options.
- Gray directly owns 30,088 shares of Ingredion Inc. common stock following the reported transaction.
- Gray also holds 15,667 employee stock options exercisable for common stock, vesting in three equal annual installments starting February 13, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing is a routine amendment to correct a previous error and report tax withholding, indicating standard corporate governance practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments are sometimes necessary to correct errors or provide additional information.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/13/2024 | Date of restricted stock units (RSUs) grant. |
| 10/10/2024 | Date of transaction (tax withholding). |
| 10/15/2024 | Date of original Form 4 filing. |
| 10/21/2024 | Date of amended Form 4/A 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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