Form 4: MGP Ingredients Director Donn S. Lux Sells Shares in Multiple Transactions
SEC Form 4 Filing
Director Donn S. Lux of MGP Ingredients Inc. reports selling shares held by trusts in multiple transactions on March 11, 2025.
Summary
- On March 11, 2025, Donn S. Lux, a director and 10% owner of MGP Ingredients Inc. (MGPI), sold shares of common stock through transactions involving trusts.
- A total of 80,621 shares were sold at a weighted average price of $31.499 per share, with individual prices ranging from $31.115 to $32.114.
- An additional 19,379 shares were sold at a weighted average price of $32.3547 per share, with individual prices ranging from $32.115 to $32.715.
- These sales were executed by the LUXCO 2017 Irrevocable Trust, for which Donn S. Lux serves as the sole investment trustee.
- Following these transactions, the trusts controlled by Donn S. Lux hold 2,538,264 shares.
- Lux disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by a director. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company executives and large shareholders.
Stakeholder Impact
- The share sales could have a minor impact on shareholder sentiment, depending on how the market interprets the director's actions.
Key Dates
| Date | Description |
|---|---|
| 09/16/2005 | Date of 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 |
| 06/19/2017 | Date of the LUXCO 2017 Irrevocable Trust |
| 04/01/2021 | Date of the Shareholders Agreement |
| 10/07/2021 | Date of the Reporting Person's Form 3/A filing with respect to MGPI |
| 03/11/2025 | Date of the reported transactions (share sales) |
| 03/12/2025 | Date of signature on the Form 4 filing |
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