4/A: MGP Ingredients Director Donn S. Lux Amends Form 4 Filing to Correct Transaction Dates
SEC Form 4/A
Donn S. Lux, a director and 10% owner of MGP Ingredients, amended a previous Form 4 filing to correct typographical errors in the transaction dates of recent stock sales.
Summary
- Donn S. Lux, a director and 10% owner of MGP Ingredients Inc. (MGPI), filed an amended Form 4 with the SEC.
- The amendment corrects a typographical error in the original filing from May 14, 2024, which incorrectly stated the transaction dates as 2023 instead of 2024.
- The corrected filing reports multiple sales of common stock by Lux on May 10 and May 13, 2024.
- These sales were executed through the LUXCO 2017 Irrevocable Trust, for which Donn S. Lux serves as the sole investment trustee.
- Lux also serves as the sole trustee for the Ann S. Lux 2005 Irrevocable Trust FBO Donn S. Lux and the Ann S. Lux 2005 Irrevocable Trust FBO Donn S. Lux QSST LRD.
- After the reported transactions, Lux may be deemed to hold sole voting and dispositive power with respect to 2,673,264 shares held by these trusts.
- The sales occurred at weighted average prices ranging from $81.3650 to $83.9300 per share.
- Lux disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a regulatory filing reporting stock sales by a director. It doesn't inherently convey positive or negative sentiment, but the sales themselves could be interpreted in various ways by the market.
Management Comments
- The Reporting Person disclaims beneficial ownership of the shares of the Issuer's common stock reported herein, except to the extent of his pecuniary interest therein.
Industry Context
This filing reflects insider trading activity, which is closely monitored by investors to gauge management's sentiment and potential future performance of the company. Large or frequent sales by insiders can sometimes be interpreted negatively.
Stakeholder Impact
- Shareholders may react to the reported stock sales, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | Shareholders Agreement date as previously disclosed on the Reporting Person's Form 3/A filing with respect to MGPI dated October 7, 2021. |
| 05/10/2024 | Date of common stock transaction. |
| 05/13/2024 | Date of common stock transaction. |
| 05/14/2024 | Date of original Form 4 filing (amended). |
| 05/15/2024 | Date of amended Form 4/A filing. |
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