James P. Zallie - Feb 15, 2023 Form 4 Insider Report for Ingredion Inc (INGR)

Role
President and CEO, Director
Signature
Michael N. Levy, attorney-in-fact
Stock symbol
INGR
Transactions as of
Feb 15, 2023
Transactions value $
$8,196,599
Form type
4
Date filed
2/17/2023, 10:48 AM
Previous filing
Feb 16, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INGR Common Stock Award $1.56M +15.8K +14.05% $98.69 129K Feb 15, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INGR Employee Stock Options (Right to Buy) Award $6.63M +67.2K $98.69 67.2K Feb 15, 2023 Common Stock 67.2K $98.69 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are restricted stock units ("RSU's") issued under the Ingredion Incorporated Stock Incentive Plan. The RSU's may be settled only in shares of common stock (one share per RSU) and will vest on February 15, 2026. In the event of termination of employment due to (a) death (b) disability or (c) retirement (as defined in the grant agreement) , the RSU's will vest on a pro-rata basis. Notwithstanding the foregoing, in the event of Retirement on or after February 15, 2024, the RSU's shall continue to vest in accordance with the vesting schedule.
F2 Includes restricted stock units ("RSUs") acquired through deemed dividend reinvestment. RSUs acquired through deemed dividend reinvestment vest on the dates when the RSU's with respect to which they are deemed dividends vest.
F3 These options will vest in three equal annual installments on February 15, 2024, 2025 and 2026.