Ingredion executive awarded 2,714 stock units
Leonard Michael J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Leonard Michael J reported acquisition or exercise transactions in this Form 4 filing.
Ingredion Inc senior vice president Michael J. Leonard reported an equity award in the form of 2,714 restricted stock units (RSUs) of common stock at a reference price of $117.94 per share. After this grant, he holds a total of 6,917.969 common shares directly.
The RSUs were issued under the Ingredion Incorporated Stock Incentive Plan and may be settled only in common stock on a one-for-one basis. They are scheduled to vest on February 25, 2029, with pro‑rata vesting in the event of death, disability, or retirement as defined in the grant agreement. If retirement occurs on or after February 25, 2027, the units will continue to vest according to the original schedule.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,714 | $117.94 | $320K |
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) executive Michael J. Leonard report in this Form 4?
At what price were Michael J. Leonard’s Ingredion (INGR) RSUs granted?
When do Michael J. Leonard’s new Ingredion (INGR) RSUs vest?
What happens to Ingredion (INGR) RSUs if Michael J. Leonard retires early?
Are Michael J. Leonard’s Ingredion (INGR) RSUs settled in cash or stock?
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