Ingredion SVP reports tax withholding share disposition
Ingredion Inc senior vice president Larry Fernandes reported a tax-related share disposition.
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
Exercise Price or Tax Liability: 416 shares
Exercise Price or Tax Liability
1 txn
Insider
Fernandes Larry
Role
SVP, Chief Comm & Sust Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 416 | $118.31 | $49K |
Holdings After Transaction:
Common Stock — 31,639.112 shares (Direct)
Footnotes (1)
- F1. Shares withheld to pay applicable taxes upon the vesting of 1,423 restricted stock units ("RSUs") granted on February 15, 2023 and 118.463 RSUs acquired through deemed dividend reinvestment with respect to these RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.