de Foras Tanya Martina Jaeger - Feb 13, 2024 Form 4 Insider Report for Ingredion Inc (INGR)

Role
Chief Legal Officer, Corp. Sec
Signature
Michael N. Levy, attorney-in-fact
Stock symbol
INGR
Transactions as of
Feb 13, 2024
Transactions value $
$223,046
Form type
4
Date filed
2/15/2024, 06:10 PM
Previous filing
Feb 5, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INGR Common Stock Award $223K +2.06K +53.27% $108.38 5.92K Feb 13, 2024 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 $0 +8.55K $0.00 8.55K Feb 13, 2024 Common Stock 8.55K $108.38 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 ("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 Includes RSUs acquired through deemed dividend reinvestment. RSUs acquired through deemed dividend reinvestment vest on the dates when the RSUs with respect to which they are deemed dividends vest.
F3 These options will vest in three equal annual installments on February 13, 2025, 2026, and 2027.