Ingredion (NYSE: INGR) EVP receives 6,497 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ritchie Robert A. reported acquisition or exercise transactions in this Form 4 filing.
Ingredion Inc executive Robert A. Ritchie received a stock-based compensation award in the form of restricted stock units. He was granted 6,497 RSUs tied to common stock at a reference price of $111.32 per share, increasing his direct holdings to 31,885.5858 shares.
The RSUs were issued under the Ingredion Incorporated Stock Incentive Plan and may be settled only in common shares on a one-for-one basis. They are scheduled to vest on March 12, 2029, with pro-rata vesting upon death, disability, or retirement, and continued scheduled vesting after retirement on or after March 12, 2027.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,497 | $111.32 | $723K |
Holdings After Transaction:
Common Stock — 31,885.586 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ingredion (INGR) report for Robert A. Ritchie?
Ingredion reported that executive Robert A. Ritchie received a grant of 6,497 restricted stock units as compensation. These RSUs convert into common stock on a one-for-one basis and increase his direct holdings to 31,885.5858 shares after the transaction.
How are Robert A. Ritchie’s new Ingredion (INGR) RSUs structured?
The 6,497 RSUs granted to Robert A. Ritchie are issued under the Ingredion Incorporated Stock Incentive Plan. Each RSU can be settled only in one share of common stock, aligning his compensation directly with Ingredion’s share performance over time.
When do Robert A. Ritchie’s Ingredion (INGR) RSUs vest?
The RSUs granted to Robert A. Ritchie are scheduled to vest on March 12, 2029. The award agreement also provides for pro-rata vesting upon death, disability, or retirement, with continued scheduled vesting after retirement on or after March 12, 2027.
What special vesting provisions apply to Robert A. Ritchie’s Ingredion (INGR) RSUs?
The RSUs vest pro-rata if employment ends due to death, disability, or retirement as defined in the grant agreement. If he retires on or after March 12, 2027, the RSUs will continue to vest according to the original vesting schedule through March 12, 2029.