Ingredion (NYSE: INGR) EVP has 842 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingredion Inc executive Robert A. Ritchie reported a routine tax-withholding share disposition related to vesting equity awards. On this Form 4, 842 shares of common stock were withheld at $110.43 per share to cover taxes when 2,880 restricted stock units and 241.005 RSUs from deemed dividend reinvestments vested. Following this event, he directly holds 31,177.7458 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ritchie Robert A.
Role
EVP, Food & Industrial Ingred.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 842 | $110.43 | $93K |
Holdings After Transaction:
Common Stock — 31,177.746 shares (Direct, null)
Footnotes (1)
- Shares withheld to pay applicable taxes upon the vesting of 2,880 restricted stock units ("RSUs") granted on May 2, 2023 and 241.005 RSUs acquired through deemed dividend reinvestment with respect to these RSUs. Includes RSUs acquired through deemed dividend reinvestment. RSUs acquired through deemed dividend reinvestment vest on the dates when the RSUs with respect to which they are deemed dividends vest.
Key Figures
Shares withheld for taxes: 842 shares
Withholding price per share: $110.43 per share
Shares held after transaction: 31,177.7458 shares
+2 more
5 metrics
Shares withheld for taxes
842 shares
Common Stock withheld for tax obligations on vesting
Withholding price per share
$110.43 per share
Value used for 842 withheld shares
Shares held after transaction
31,177.7458 shares
Direct common stock ownership after tax withholding
Vesting RSUs
2,880 RSUs
Restricted stock units granted May 2, 2023 that vested
Dividend reinvestment RSUs
241.005 RSUs
RSUs from deemed dividend reinvestment tied to original RSUs
Key Terms
restricted stock units, deemed dividend reinvestment, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"Shares withheld to pay applicable taxes upon the vesting of 2,880 restricted stock units ("RSUs") granted on May 2, 2023"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deemed dividend reinvestment financial
"241.005 RSUs acquired through deemed dividend reinvestment with respect to these RSUs"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Ingredion (INGR) executive Robert A. Ritchie report on this Form 4?
Robert A. Ritchie reported a tax-related share disposition. 842 shares of Ingredion common stock were withheld to cover taxes when his restricted stock units vested, a routine administrative transaction rather than an open-market sale.
Which Ingredion (INGR) equity awards were involved in the tax withholding?
The tax withholding relates to 2,880 restricted stock units granted on May 2, 2023, plus 241.005 RSUs acquired through deemed dividend reinvestment tied to those original restricted stock units as they vested.
Was this Ingredion (INGR) Form 4 an open-market sale by Robert A. Ritchie?
No. The Form 4 describes a tax-withholding disposition, where shares are withheld to pay taxes on vested restricted stock units. It does not represent an open-market sale initiated for investment or trading purposes.