Ingredion SVP granted 2,883 RSUs
Seip David Eric reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Seip David Eric reported acquisition or exercise transactions in this Form 4 filing.
Ingredion Inc senior vice president David Eric Seip received an equity grant of 2,883 restricted stock units under the company’s stock incentive plan. Each RSU represents one share of common stock at a reference price of $117.94 per share and will vest on February 25, 2029, subject to continued service.
The award includes protections for certain employment endings. If employment ends because of death, disability, or retirement (as defined in the grant agreement), a pro-rata portion of the RSUs will vest. If retirement occurs on or after February 25, 2027, the RSUs continue to follow the original vesting schedule. Following this grant, Seip directly holds 30,734.396 common shares.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,883 | $117.94 | $340K |
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 equity award did Ingredion (INGR) executive David Eric Seip receive?
When do David Eric Seip’s new Ingredion (INGR) RSUs vest?
How are the new Ingredion (INGR) RSUs for David Eric Seip settled?
What happens to Seip’s Ingredion (INGR) RSUs if he retires?
Is the Ingredion (INGR) Form 4 transaction a purchase or an award?
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