James D. Gray - Feb 13, 2024 Form 4 Insider Report for Ingredion Inc (INGR)

Role
Executive VP and CFO
Signature
Michael N. Levy, attorney-in-fact
Stock symbol
INGR
Transactions as of
Feb 13, 2024
Transactions value $
$408,809
Form type
4
Date filed
2/15/2024, 06:08 PM
Previous filing
Feb 14, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INGR Common Stock Award $409K +3.77K +8.8% $108.38 46.6K Feb 13, 2024 Direct F1

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 $0 +15.7K $0.00 15.7K Feb 13, 2024 Common Stock 15.7K $108.38 Direct F2
* 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 ("RSUs") issued under the Ingredion Incorporated Stock Incentive Plan. The RSUs may be settled only in shares of common stock (one share per RSU) and will vest on February 13, 2027. In the event of termination of employment due to (a) death (b) disability or (c) retirement (as defined in the grant agreement), the RSUs will vest on a pro-rata basis. Notwithstanding the foregoing, in the event of Retirement on or after February 13, 2025, the RSUs shall continue to vest in accordance with the vesting schedule.
F2 These options will vest in three equal annual installments on February 13, 2025, 2026, and 2027.