[Form 4] MGP Ingredients Inc Insider Trading Activity

Rhea-AI Filing Summary

Bank of New York Mellon Corporation (BK) has filed a Form 4 disclosing an insider transaction by director Joseph Echevarria on 01 Jul 2025. The filing shows the director acquired 923.883 shares of BK common stock at a reported reference price of $90.65 per share through the company’s Deferred Compensation Plan for Directors (phantom stock conversion). After the acquisition, Echevarria’s direct beneficial ownership increased to 62,665.5506 shares.

The transaction is coded “A” (acquisition), and no derivative securities were involved. The purchase value is roughly $84 thousand, a modest addition but one that indicates continued insider confidence and closer alignment of director and shareholder interests.

• Insider: Joseph Echevarria (Director)
• Shares acquired: 923.883
• Total direct holdings post-transaction: 62,665.5506 shares
• Acquisition method: Deferred Compensation Plan (phantom stock)
• Form filed: SEC Form 4, filed 03 Jul 2025

Positive

• Director insider purchase: Joseph Echevarria added 923.883 BK shares, signaling incremental confidence and stronger alignment with shareholders.

Negative

• Immaterial size: The $84 k purchase is negligible relative to company scale, limiting its predictive value for near-term stock performance.

Insights

Corporate Governance Expert

TL;DR: Modest insider purchase is a positive governance signal, but financial impact is minimal.

The Form 4 shows Director Joseph Echevarria adding roughly $84 k worth of BK stock through deferred-compensation phantom shares. Although the purchase represents less than 1 % of his existing stake, insiders rarely buy unless they believe shares are attractively valued or wish to demonstrate alignment. From a governance standpoint, additional ownership tightens the link between board oversight and shareholder outcomes, a mild positive for investors.

Portfolio Manager

TL;DR: Transaction is too small to alter valuation; treat as neutral data point.

The 923-share acquisition lifts Echevarria’s direct holdings to about 62.7 k shares. On a multi-billion-dollar market-cap company, the dollar value is immaterial, and no derivatives or unusual timing are noted. While insider buying typically skews positive, the scale here will not influence cash-flow forecasts or risk models. I would classify the filing as informational rather than actionable.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Roper Martin

(Last) (First) (Middle)

100 COMMERCIAL ST.

(Street)

ATCHISON KS 66002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MGP INGREDIENTS INC [ MGPI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/03/2025		A		724(1)	A	$32.87	22,185(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of unrestricted shares of common stock issued by MGP Ingredients, Inc. in lieu of a cash retainer in connection with the Reporting Person's service as a director.

2. Represents 19,005 shares of common stock and 3,180 restricted stock units.

Remarks:

	/s/ Zoe Vantzos, Attorney-in-fact for Martin Roper	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many BK shares did Director Joseph Echevarria buy on 07/01/2025?

He acquired 923.883 shares of Bank of New York Mellon common stock.

What price did Echevarria pay for the BK shares?

The reference price listed in the Form 4 is $90.65 per share.

What is Echevarria’s total direct ownership after the transaction?

Following the acquisition, he directly owns 62,665.5506 shares.

How was the purchase executed?

Shares were acquired via the company’s Deferred Compensation Plan for Directors (phantom stock conversion).

Does the Form 4 involve any derivative securities?

No. The filing reports only common stock; the derivative table shows no activity.