Ingredion (INGR) CEO James Zallie awarded 28,829 RSUs vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingredion Inc reported that President and CEO James P. Zallie acquired 28,829 shares of common stock on a grant/award basis, valued at $117.94 per share. These are restricted stock units issued under the company’s stock incentive plan.
The RSUs may be settled only in common stock on a one-for-one basis and are scheduled to vest on February 25, 2029. They vest on a pro-rata basis if employment ends due to death, disability, or retirement, and in the case of retirement on or after February 25, 2027, they continue vesting under the original schedule.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,829 | $117.94 | $3.40M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 61,839.579 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 an acquisition of 28,829 shares of Ingredion common stock through a grant of restricted stock units. The award was priced at $117.94 per share and was issued under the Ingredion Incorporated Stock Incentive Plan.
Are the 28,829 units in the Ingredion (INGR) Form 4 an open-market stock purchase?
No, the 28,829 units are a grant of restricted stock units, not an open-market stock purchase. They were awarded under Ingredion’s stock incentive plan and may be settled only in common shares on a one-for-one basis at vesting.
When do the restricted stock units granted to the Ingredion (INGR) CEO vest?
The restricted stock units granted to the CEO are scheduled to vest on February 25, 2029. This is the standard vesting date, subject to earlier pro-rata vesting in cases of death, disability, or qualifying retirement under the grant agreement.
How are the Ingredion (INGR) CEO’s RSUs affected by death, disability, or retirement?
If the CEO’s employment ends due to death, disability, or retirement, the restricted stock units vest on a pro-rata basis. For retirement on or after February 25, 2027, the RSUs continue to follow the original vesting schedule through the 2029 vesting date.
What is the settlement method for the Ingredion (INGR) CEO’s restricted stock units?
The restricted stock units can be settled only in Ingredion common stock at a one-to-one ratio. Each RSU converts into one share of common stock upon vesting under the terms of the Ingredion Incorporated Stock Incentive Plan and the applicable grant agreement.