Ingredion SVP granted 2,375 RSUs of common stock
O'Riordan Michael reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
O'Riordan Michael reported acquisition or exercise transactions in this Form 4 filing.
Ingredion Inc senior vice president Michael O'Riordan received an equity grant in the form of 2,375 restricted stock units, treated as common stock, at a reference price of $117.94 per share. Following this award, his directly owned common stock equivalent holdings total 12,443.471 shares.
The RSUs were issued under the Ingredion Incorporated Stock Incentive Plan and vest on February 25, 2029. They may be settled only in shares of common stock on a one-for-one basis. If employment ends due to death, disability, or retirement, vesting occurs on a pro-rata basis, and for retirement on or after February 25, 2027, vesting continues according to the original schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,375 | $117.94 | $280K |
Footnotes (1)
- F1. These are restricted stock units ("RSUs") issued under the Ingredion Incorporated Stock Incentive Plan. The RSUs may be settled only in shares of common stock (one share per RSU) and will vest on February 25, 2029. In the event of termination of employment due to (a) death (b) disability or (c) retirement (as defined in the grant agreement), the RSUs will vest on a pro-rata basis. Notwithstanding the foregoing, in the event of Retirement on or after February 25, 2027, the RSUs shall continue to vest in accordance with the vesting schedule.
FAQ
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What did Ingredion (INGR) insider Michael O'Riordan report on this Form 4?
What type of equity award did Ingredion (INGR) grant to Michael O'Riordan?
When do Michael O'Riordan’s new Ingredion (INGR) RSUs vest?
How do death, disability, or retirement affect O'Riordan’s Ingredion RSU vesting?
Are Michael O'Riordan’s Ingredion RSUs settled in cash or stock?
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