Ingredion (NYSE: INGR) SVP logs tax-withholding disposition of company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingredion Inc senior vice president Michael O'Riordan reported a small tax-related share disposition under a compensation plan. On the reported date, 240 shares of common stock were withheld at $118.31 per share to cover taxes due when restricted stock units vested.
The tax withholding related to the vesting of 470 restricted stock units granted on February 15, 2023, plus 39.128 units acquired through deemed dividend reinvestment on those awards. After this automatic disposition, O'Riordan directly holds 10,068.471 shares of Ingredion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Riordan Michael
Role
SVP, T&HS EMEA & Asia-Pacific
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 240 | $118.31 | $28K |
Holdings After Transaction:
Common Stock — 10,068.471 shares (Direct)
Footnotes (1)
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FAQ
What did Ingredion (INGR) executive Michael O'Riordan report on this Form 4?
Michael O'Riordan reported a tax-related share disposition. 240 Ingredion common shares were withheld to satisfy taxes due on vesting restricted stock units, reflecting an automatic compensation-plan event rather than an open-market stock sale.
How many restricted stock units vested for Ingredion (INGR) executive Michael O'Riordan?
The Form 4 notes that 470 restricted stock units vested. An additional 39.128 units had been acquired through deemed dividend reinvestment on these awards, and shares were withheld to cover the resulting tax obligations.
Was Michael O'Riordan’s Ingredion (INGR) Form 4 an open-market stock sale?
No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were automatically withheld to pay taxes when restricted stock units vested as part of O'Riordan's equity compensation package.