James D. Gray - 12 Feb 2024 Form 4 Insider Report for Ingredion Inc (INGR)

Signature
Michael N. Levy, attorney-in-fact
Issuer symbol
INGR
Transactions as of
12 Feb 2024
Net transactions value
-$708,955
Form type
4
Filing time
14 Feb 2024, 19:18:49 UTC
Previous filing
13 Feb 2024
Next filing
15 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INGR Common Stock Award $0 +12,632 +40% $0.000000 44,554 12 Feb 2024 Direct F1
transaction INGR Common Stock Tax liability $554,839 -5,087 -11% $109.07 39,467 12 Feb 2024 Direct F2
transaction INGR Common Stock Award $0 +4,822 +12% $0.000000 44,289 12 Feb 2024 Direct F3
transaction INGR Common Stock Tax liability $154,116 -1,413 -3.2% $109.07 42,876 12 Feb 2024 Direct F4

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 Phantom Stock Award $0 +3,158 +88% $0.000000 6,729 12 Feb 2024 Common Stock 3,158 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon vesting of performance share award granted February 9, 2021. Vesting of the performance share award was based on criteria in addition to the increase in the market price of Ingredion Incorporated's common stock. 80% of the shares acquired upon vesting were accepted immediately and 20% were deferred into the Ingredion Incorporated Supplemental Executive Retirement Plan ("SERP").
F2 Shares withheld to pay applicable taxes upon the vesting of performance share award granted February 9, 2021.
F3 Shares acquired upon vesting of performance share award granted March 16, 2021. Vesting of the performance share award was based on criteria in addition to the increase in the market price of Ingredion Incorporated's common stock.
F4 Shares withheld to pay applicable taxes upon the vesting of performance share award granted March 16, 2021.
F5 Each phantom stock unit represents the right to receive one share of common stock.
F6 Shares acquired upon vesting of performance share award granted February 9, 2021. Vesting of the performance share award was based on criteria in addition to the increase in the market price of Ingredion Incorporated's common stock. 80% of the shares acquired upon vesting were accepted immediately and 20% were deferred into the Ingredion Incorporated Supplemental Executive Retirement Plan ("SERP").
F7 Includes shares of phantom stock acquired through dividend reinvestment.