MGP Ingredients (MGPI) CCO logs equity tax-withholding share moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGP Ingredients Chief Commercial Officer Amel Pasagic reported two tax-related share dispositions. On February 16, he delivered 1,527 shares of common stock at $25.74 per share to satisfy tax obligations tied to equity compensation. On February 14, he similarly delivered 744 shares at the same price for tax withholding, rather than selling shares in the open market.
Footnotes explain that his reported holdings at different times consisted of combinations of common stock and restricted stock units, including 4,114 shares and 8,246 restricted stock units in one instance and 6,278 shares and 4,555 restricted stock units in another.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pasagic Amel
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,527 | $25.74 | $39K |
| Tax Withholding | Common Stock | 744 | $25.74 | $19K |
Holdings After Transaction:
Common Stock — 10,833 shares (Direct)
Footnotes (1)
- Represents 4,114 shares of common stock and 8,246 restricted stock units. Represents 6,278 shares of common stock and 4,555 restricted stock units.
FAQ
What insider transactions did MGPI executive Amel Pasagic report on this Form 4?
Amel Pasagic reported two tax-withholding dispositions of MGP Ingredients common stock. He delivered 1,527 shares and 744 shares, both at $25.74 per share, to cover tax liabilities associated with equity compensation awards, rather than executing open-market sales.
Were the MGPI Form 4 transactions by Amel Pasagic open-market stock sales?
No, the transactions were not open-market sales. Both entries are coded as tax-withholding dispositions, meaning shares were delivered back to satisfy tax obligations or exercise costs related to equity awards, instead of being sold on the open market.
What does transaction code F mean on the MGPI Form 4 for Amel Pasagic?
Transaction code F on this Form 4 indicates payment of exercise price or tax liability by delivering securities. In Pasagic’s case, it reflects shares of MGP Ingredients common stock being surrendered to cover tax obligations from equity compensation, not discretionary buying or selling.
What MGPI equity holdings are referenced in the footnotes to Amel Pasagic’s Form 4?
The footnotes describe combinations of common stock and restricted stock units. One note cites 4,114 shares of common stock and 8,246 restricted stock units, while another cites 6,278 shares of common stock and 4,555 restricted stock units, reflecting holdings at different reported points.
What role does Amel Pasagic hold at MGP Ingredients (MGPI)?
Amel Pasagic is identified as the Chief Commercial Officer of MGP Ingredients. His Form 4 filing reflects equity-related tax-withholding transactions in the company’s common stock, which are commonly reported by executives subject to insider reporting requirements.