Larry Fernandes - 12 Jul 2023 Form 4 Insider Report for Ingredion Inc (INGR)

Signature
Michael N. Levy, attorney-in-fact
Issuer symbol
INGR
Transactions as of
12 Jul 2023
Net transactions value
-$96,879
Form type
4
Filing time
12 Jul 2023, 18:00:51 UTC
Previous filing
04 May 2023
Next filing
18 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INGR Common Stock Options Exercise $114,453 +1,921 +9.5% $59.58 22,167 12 Jul 2023 Direct
transaction INGR Common Stock Sale $211,332 -1,921 -8.7% $110.01 20,246 12 Jul 2023 Direct F1
holding INGR Common Stock 4,766 12 Jul 2023 By 401(k) Plan

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) Options Exercise $0 -1,921 -38% $0.000000 3,079 12 Jul 2023 Common Stock 1,921 $59.58 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.00 - $110.08, inclusive. The reporting person undertakes to provide full information as requested regarding the number of shares sold at each separate price.
F2 These options vested in three equal annual installments on February 4, 2015, 2016 and 2017.