Form 4: Ingredion Inc. Executive VP and CFO, James D. Gray, Reports Stock Transactions
SEC Form 4
Executive VP and CFO of Ingredion Inc., James D. Gray, reports the exercise of stock options and subsequent sale of shares on May 13, 2024.
Summary
- On May 13, 2024, James D. Gray, Executive VP and CFO of Ingredion Inc., exercised employee stock options to acquire 4,988 shares of common stock at a price of $82.28 per share.
- Following the exercise of the options, Mr. Gray sold 4,988 shares at a weighted average price of $121.717 and 3,502 shares at a weighted average price of $121.763.
- After these transactions, Mr. Gray beneficially owns 46,334.652 shares directly after the first sale and 42,832.652 shares after the second sale, which includes restricted stock units acquired through deemed dividend reinvestment.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock transactions by an executive. There is no indication of positive or negative implications for the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects. These transactions are reported to the SEC to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Executive stock option exercises and sales are standard practice across publicly listed companies.
- Companies like Archer Daniels Midland (ADM) and Bunge (BG) also see regular Form 4 filings from their executives.
- The reported prices and volumes are within typical ranges for executive transactions in similar-sized companies.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/03/2016 | First vesting date of employee stock options in three equal annual installments. |
| 02/03/2017 | Second vesting date of employee stock options in three equal annual installments. |
| 02/03/2018 | Third vesting date of employee stock options in three equal annual installments. |
| 02/02/2025 | Expiration date of the employee stock options. |
| 05/13/2024 | Date of stock option exercise and sale of shares. |
| 05/14/2024 | Date of signature by attorney-in-fact. |
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