MGP Ingredients (MGPI) CCO logs 346-share tax-withholding stock disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGP Ingredients Inc. Chief Commercial Officer Amel Pasagic reported a Form 4 transaction involving company common stock. He disposed of 346 shares of common stock at $25.93 per share in a tax-withholding disposition related to payment of tax liability. Following this transaction, his directly held position is reported as 10,487 shares, which the footnote explains consists of 6,864 shares of common stock and 3,623 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pasagic Amel
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 346 | $25.93 | $9K |
Holdings After Transaction:
Common Stock — 10,487 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MGP Ingredients (MGPI) report for Amel Pasagic?
MGP Ingredients reported that Chief Commercial Officer Amel Pasagic disposed of 346 shares of common stock. The transaction was a tax-withholding disposition, meaning shares were used to cover tax obligations rather than an open-market sale.
Was Amel Pasagic’s MGPI Form 4 transaction an open-market sale?
The transaction was not an open-market sale; it was coded “F” for tax withholding. Shares were disposed of to satisfy a tax liability by delivering securities, rather than being sold directly on the open market.
What does transaction code “F” mean in the MGPI Form 4 for Amel Pasagic?
Transaction code “F” indicates a payment of exercise price or tax liability by delivering securities. In this case, 346 shares of MGP Ingredients common stock were used for tax withholding rather than a discretionary buy or sell trade.
What role does Amel Pasagic hold at MGP Ingredients (MGPI)?
Amel Pasagic serves as Chief Commercial Officer at MGP Ingredients. His position as an executive officer requires reporting equity transactions on Form 4, including tax-withholding dispositions like the 346-share transaction disclosed here.