Ingredion (NYSE: INGR) SVP has 416 shares withheld for taxes on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingredion Inc senior vice president Larry Fernandes reported a tax-related share disposition. On this Form 4, 416 shares of common stock were withheld at a price of $118.31 per share to cover taxes upon vesting of previously granted restricted stock units. After this withholding, Fernandes directly owns 31,639.112 shares of Ingredion common stock.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 416 | $118.31 | $49K |
Holdings After Transaction:
Common Stock — 31,639.112 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Ingredion (INGR) report for Larry Fernandes?
Ingredion reported that executive Larry Fernandes had 416 common shares withheld to satisfy tax obligations. The shares were valued at $118.31 each and relate to the vesting of previously granted restricted stock units rather than an open-market sale.
Was the Ingredion (INGR) Form 4 transaction a discretionary sale?
The Form 4 shows a tax-withholding disposition, not a discretionary sale. Shares were automatically withheld to cover taxes due on vesting restricted stock units, a common administrative transaction rather than an open-market decision to sell stock.
What equity awards triggered the tax withholding in the Ingredion (INGR) Form 4?
The withholding relates to 1,423 restricted stock units granted on February 15, 2023, plus 118.463 additional units from deemed dividend reinvestment. When these units vested, shares were withheld to cover the associated tax obligations.