Ingredion (NYSE: INGR) CFO stock withheld to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingredion Inc Executive VP and CFO James D. Gray reported a routine tax-related share disposition. On the vesting of 3,527 restricted stock units granted in February 2023, plus 293.613 additional units from deemed dividend reinvestment, 1,603 shares of common stock were withheld at $118.31 per share to cover applicable taxes.
This Form 4 reflects a tax-withholding disposition rather than an open-market sale, meaning shares were retained by the company to satisfy Mr. Gray’s tax obligations associated with equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gray James D
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,603 | $118.31 | $190K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,656.328 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ingredion (INGR) report for James D. Gray?
Ingredion reported that CFO James D. Gray had 1,603 shares of common stock withheld to cover taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market trade, tied to previously granted equity compensation.
What equity awards triggered the tax withholding for Ingredion’s CFO?
The withholding was triggered by the vesting of 3,527 restricted stock units granted on February 15, 2023, plus 293.613 additional RSUs from deemed dividend reinvestment. These awards together led to the tax obligation settled in shares.
What does transaction code F mean in the Ingredion (INGR) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, 1,603 Ingredion shares were withheld from James D. Gray to satisfy tax obligations arising from vested restricted stock units.