Ingredion (NYSE: INGR) CEO uses 7,198 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingredion Inc President and CEO James P. Zallie reported a tax-related share disposition. On the transaction date, 7,198 shares of common stock were withheld at $118.31 per share to cover taxes due on vesting restricted stock units.
The footnote explains these taxes arose from the vesting of 15,838 restricted stock units granted on February 15, 2023 plus 1,318.455 additional units acquired through deemed dividend reinvestment tied to that award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zallie James P.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,198 | $118.31 | $852K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,968.579 shares (Direct)
Footnotes (1)
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FAQ
What did Ingredion (INGR) CEO James P. Zallie report in this Form 4?
James P. Zallie reported a tax-related share disposition. The company withheld 7,198 shares of common stock at $118.31 per share to cover taxes due on vesting restricted stock units and related dividend reinvestment units.
Was the Ingredion (INGR) CEO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale. Shares were withheld by the company to satisfy tax obligations triggered by the vesting of restricted stock units, a common administrative mechanism rather than a discretionary sale into the market.
What award triggered the tax-withholding disposition for Ingredion (INGR) CEO?
The tax-withholding disposition was triggered by a restricted stock unit award. Specifically, 15,838 RSUs granted on February 15, 2023 vested, along with 1,318.455 RSUs acquired through deemed dividend reinvestment tied to that original grant.
Does this Ingredion (INGR) Form 4 indicate a change in the CEO’s ownership strategy?
The disclosure reflects routine tax withholding on vesting equity, not a strategic sale. Shares were retained by the company to pay taxes, which is standard practice when restricted stock units settle and does not itself signal a change in ownership intentions.