MGPI (MGPI) legal & HR chief awarded 5,609 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Molamphy Kathleen Susan reported acquisition or exercise transactions in this Form 4 filing.
MGP Ingredients' Chief Legal and HR Officer Kathleen Susan Molamphy received an equity award in the form of 5,609 performance stock units. These units were granted at no cash cost per unit after the compensation committee certified that the performance goals for the award were achieved on February 23, 2026.
The award remains subject to a time-based vesting requirement and is scheduled to vest on February 20, 2028. Following this grant, Molamphy's directly held equity consists of 12,922 units of common stock-based awards, including 7,313 restricted stock units and the 5,609 performance stock units tied to this certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Molamphy Kathleen Susan
Role
Chief Legal and HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,609 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,922 shares (Direct)
Footnotes (1)
- Represents a performance stock unit award. The Issuer's Human Resources and Compensation Committee certified the achievement of the award's performance goals on February 23, 2026. The award remains subject to a time-based vesting requirement and will vest on February 20, 2028. Includes 7,313 restricted stock units and 5,609 performance stock units described in Footnote 1.
FAQ
What insider transaction did MGPI’s Kathleen Molamphy report on this Form 4?
Kathleen Susan Molamphy reported acquiring 5,609 performance stock units in MGP Ingredients common stock. The award reflects certified achievement of performance goals and was granted with no cash price per unit, functioning as equity-based compensation rather than an open-market stock purchase.
What are the key vesting terms for Kathleen Molamphy’s new MGPI performance stock units?
The 5,609 performance stock units remain subject to time-based vesting and will vest on February 20, 2028. Performance goals for the award have already been certified as achieved, so remaining risk relates to continued service until the specified vesting date.
Did Kathleen Molamphy pay cash for the 5,609 MGPI performance stock units?
No, the Form 4 lists the transaction price per share as 0.0000, indicating no cash outlay by Kathleen Molamphy. The units were granted as a performance-based equity award rather than purchased in the open market at a stated stock price.
What do the Form 4 footnotes say about Kathleen Molamphy’s MGPI awards?
The footnotes state the reported transaction represents a performance stock unit award with performance goals certified on February 23, 2026. They also clarify that Molamphy’s holdings include 7,313 restricted stock units and 5,609 performance stock units described in the performance award footnote.
When were the performance goals for MGPI’s performance stock unit award certified?
The Human Resources and Compensation Committee certified achievement of the performance goals for the 5,609-unit award on February 23, 2026. After this certification, the award continues to be subject only to time-based vesting, with vesting scheduled for February 20, 2028, per the disclosure.