Form 4: MGP Ingredients Director Lori Mingus Sells Shares Under 10b5-1 Plan
SEC Form 4
Director Lori Mingus sold 778 shares of MGP Ingredients Inc. common stock at $28.89 per share on April 1, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 1, 2025, Lori Mingus, a director of MGP Ingredients Inc., sold 778 shares of common stock at a price of $28.89 per share.
- The sale was executed under a Rule 10b5-1(c) trading plan adopted on March 12, 2024.
- Following the transaction, Mingus directly owns no shares but indirectly owns 27,131 shares through a trust and 419 shares through her husband.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information at the time of the transaction.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of adoption of Rule 10b5-1(c) trading plan |
| 04/01/2025 | Date of stock sale transaction |
| 04/02/2025 | Date of Form 4 filing |
Keywords
MGP Ingredients, Director, Lori Mingus, Stock Sale, Form 4, 10b5-1 Plan, Insider Trading
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