MGP Ingredients (MGPI) CEO receives 30,569-share equity award in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGP Ingredients Inc. President and CEO Julie Maria Francis reported an equity compensation award in the form of company common stock. She acquired 30,569 shares through a grant or award at a reported price of $0.0000 per share, increasing her directly owned stake to 109,830 shares.
The award is structured as restricted stock units that will vest in stages on March 5 of 2027, 2028, and 2029. Her reported holdings include 51,156 restricted stock units and 58,674 performance stock units that remain subject to a time-based vesting requirement after performance goals were certified.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Francis Julie Maria
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,569 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 109,830 shares (Direct)
Footnotes (1)
- Restricted stock unit award which will vest on a pro rata basis on each of March 5, 2027, 2028, and 2029. Includes 51,156 restricted stock units and 58,674 performance stock units which remain subject to a time-based vesting requirement as the Issuer's Human Resources and Compensation Committee has certified the achievement of the performance goals for these performance stock units.
FAQ
What did MGP Ingredients (MGPI) CEO Julie Maria Francis report in this Form 4?
Julie Maria Francis reported an equity award of 30,569 shares of MGP Ingredients common stock. The transaction was coded as a grant or award acquisition, increasing her directly owned holdings to 109,830 shares, including previously granted restricted and performance stock units subject to vesting.
What is the vesting schedule for the new MGP Ingredients (MGPI) restricted stock award?
The new restricted stock unit award will vest on a pro rata basis on March 5, 2027, March 5, 2028, and March 5, 2029. This staged vesting structure ties the CEO’s equity compensation to continued service over multiple years, aligning with long-term company performance horizons.
What other equity awards does the MGP Ingredients (MGPI) CEO currently hold?
Her reported holdings include 51,156 restricted stock units and 58,674 performance stock units. These awards remain subject to a time-based vesting requirement after the Human Resources and Compensation Committee certified that the relevant performance goals for the performance stock units had been achieved.