Form 4: MGP Ingredients Director Lori Mingus Sells Shares Under 10b5-1 Trading Plan

Director Lori Mingus sold 9,464 shares of MGP Ingredients Inc. common stock at an average price of $34.52, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• On March 10, 2025, Lori L.S. Mingus, a director of MGP Ingredients Inc., sold 9,464 shares of common stock.
• The sale was executed at a weighted average price of $34.52 per share, with individual transaction prices ranging from $34.29 to $35.17.
• The transaction was conducted under a Rule 10b5-1(c) trading plan adopted on March 12, 2024.
• Following the transaction, Mingus directly owns no shares and indirectly owns 27,909 shares via a trust and 419 shares via her husband.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests no unexpected negative implications.

Industry Context

Sales by company directors are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the director is selling shares in a pre-planned manner to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates