Ingredion CEO covers taxes with 7,198 shares
Ingredion Inc President and CEO James P. Zallie reported a tax-related share disposition.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,198 | $118.31 | $852K |
| Holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Shares withheld to pay applicable taxes upon the vesting of 15,838 restricted stock units ("RSUs") granted on February 15, 2023 and 1,318.455 RSUs acquired through deemed dividend reinvestment with respect to these RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ingredion (INGR) CEO James P. Zallie report in this Form 4?
Was the Ingredion (INGR) CEO’s Form 4 transaction an open-market sale?
What award triggered the tax-withholding disposition for Ingredion (INGR) CEO?
Does this Ingredion (INGR) Form 4 indicate a change in the CEO’s ownership strategy?
AI-generated analysis. How Rhea-AI works. Not financial advice.