Director at MGP Ingredients (NASDAQ: MGPI) receives 2,232-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roper Martin reported acquisition or exercise transactions in this Form 4 filing.
MGP Ingredients director Martin Roper received an award of 2,232 unrestricted shares of common stock, issued in lieu of a cash retainer for his board service. The shares are valued at $17.36 each. Following this grant, he directly holds 35,503 shares, including 3,180 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Roper Martin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,232 | $17.36 | $39K |
Holdings After Transaction:
Common Stock — 35,503 shares (Direct, null)
Footnotes (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. Includes 3,180 restricted stock units.
Key Figures
Shares granted: 2,232 shares
Grant price: $17.36 per share
Shares held after transaction: 35,503 shares
+1 more
4 metrics
Shares granted
2,232 shares
Unrestricted common stock award in lieu of cash retainer
Grant price
$17.36 per share
Value assigned to the 2,232-share stock award
Shares held after transaction
35,503 shares
Total direct holdings following the award
Restricted stock units included
3,180 RSUs
Portion of total direct holdings represented by RSUs
Key Terms
unrestricted shares, cash retainer, restricted stock units, grant, award, or other acquisition
4 terms
cash retainer financial
"issued by MGP Ingredients, Inc. in lieu of a cash retainer in connection with the Reporting Person's service"
restricted stock units financial
"Includes 3,180 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did MGP Ingredients (MGPI) director Martin Roper report in this Form 4?
Martin Roper reported receiving 2,232 unrestricted shares of MGP Ingredients common stock as a grant. The award was issued in lieu of a cash retainer for his service as a director on the company’s board.
Was Martin Roper’s MGP Ingredients (MGPI) transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. It was a grant of 2,232 unrestricted shares of common stock provided as compensation instead of a cash retainer for Martin Roper’s board service at MGP Ingredients.
What is the implied value of Martin Roper’s stock grant from MGP Ingredients (MGPI)?
The 2,232-share grant is valued at $17.36 per share. This implies a total grant value of roughly $38,700, representing equity compensation granted in place of a cash retainer for his director service.
What are the restricted stock units mentioned in Martin Roper’s MGP Ingredients (MGPI) filing?
The filing notes that Martin Roper’s holdings include 3,180 restricted stock units. These are promises of future MGP Ingredients shares, typically subject to vesting, rather than immediately transferable common stock.