Ingredion (INGR) SVP granted 2,375 RSUs vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fernandes Larry reported acquisition or exercise transactions in this Form 4 filing.
Ingredion Inc senior vice president Larry Fernandes received a grant of 2,375 restricted stock units under the company’s stock incentive plan, valued at $117.94 per unit. The RSUs settle in common stock, vesting on February 25, 2029, with pro‑rata vesting on death, disability, or qualifying retirement and continued vesting after retirement on or after February 25, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fernandes Larry
Role
SVP, Chief Comm & Sust Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,375 | $117.94 | $280K |
Holdings After Transaction:
Common Stock — 32,889.112 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ingredion (INGR) report for Larry Fernandes?
Ingredion reported that SVP Larry Fernandes received 2,375 restricted stock units as an equity grant. The RSUs were issued under the Ingredion Stock Incentive Plan and may be settled only in common shares, one share for each RSU granted.
What is the value per unit of Larry Fernandes’s RSU grant at Ingredion (INGR)?
Each restricted stock unit was valued at $117.94 at the time of the grant. This reflects the reference price per share of Ingredion common stock used for the award recorded in the insider transaction disclosure.
When do Larry Fernandes’s Ingredion (INGR) RSUs vest?
The restricted stock units granted to Larry Fernandes vest on February 25, 2029. This single vesting date governs the full award, subject to special pro‑rata vesting provisions for death, disability, or qualifying retirement under the grant agreement.
How are Larry Fernandes’s RSUs at Ingredion (INGR) settled?
The RSUs granted to Larry Fernandes may be settled only in Ingredion common stock. Each restricted stock unit converts into one share of common stock upon vesting, in line with the terms of the company’s stock incentive plan.
What happens to Larry Fernandes’s Ingredion (INGR) RSUs if he retires?
If Larry Fernandes retires as defined in the grant agreement, the RSUs vest on a pro‑rata basis. For retirement on or after February 25, 2027, the RSUs continue to vest according to the original 2029 vesting schedule instead of immediate full vesting.