Ingredion (INGR) board chair receives 346 RSUs equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KENNY GREGORY B reported acquisition or exercise transactions in this Form 4 filing.
Ingredion Inc board chairman Gregory B. Kenny received a grant of 346 restricted stock units representing common shares, valued at $111.92 per share, as part of the annual retainer for outside directors. These units are payable in stock no earlier than six months after his resignation or retirement from the board and no later than ten years afterward.
Including this award and RSUs from deemed dividend reinvestment, Kenny now holds a total of 66,655.372 shares and units directly, reflecting routine, compensation-related equity rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KENNY GREGORY B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 346 | $111.92 | $39K |
Holdings After Transaction:
Common Stock — 66,655.372 shares (Direct)
Footnotes (1)
- These are restricted stock units issued to the Company's outside directors as part of their annual retainer and are payable in stock no earlier than six months after resignation or retirement as a director and no later than ten years thereafter. Includes restricted stock units ("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.
Key Figures
RSU grant size: 346 units
Grant value per unit: $111.92 per share
Total holdings after grant: 66,655.372 shares/units
+1 more
4 metrics
RSU grant size
346 units
Restricted stock units granted to outside director as part of annual retainer
Grant value per unit
$111.92 per share
Reported value for the RSU award on the grant date
Total holdings after grant
66,655.372 shares/units
Direct holdings following RSU grant and deemed dividend reinvestment
Vesting/settlement window
6 months to 10 years
Stock payable no earlier than six months after resignation and no later than ten years thereafter
Key Terms
restricted stock units, RSUs, deemed dividend reinvestment
3 terms
restricted stock units financial
"These are restricted stock units issued to the Company's outside directors as part of their annual retainer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Includes restricted stock units ("RSUs") acquired through deemed dividend reinvestment"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
deemed dividend reinvestment financial
"RSUs acquired through deemed dividend reinvestment vest on the dates when the RSUs with respect to which they are deemed dividends vest"
FAQ
What did Ingredion (INGR) director Gregory B. Kenny receive in this Form 4?
Gregory B. Kenny received a grant of 346 restricted stock units tied to Ingredion common stock. The award forms part of the annual retainer paid to outside directors and represents routine equity compensation rather than an open-market transaction.
At what value were Gregory B. Kenny’s Ingredion restricted stock units granted?
The 346 restricted stock units were reported at a value of $111.92 per share. This figure reflects the grant or award value used for the compensation entry, not a price paid in a market purchase or sale by the director.
When can the Ingredion (INGR) director access the restricted stock units granted?
The restricted stock units are payable in stock no earlier than six months after Gregory B. Kenny resigns or retires as a director. They must be settled no later than ten years after that date, according to the grant’s terms.
Are Gregory B. Kenny’s new Ingredion (INGR) units from an open-market buy or a compensation award?
The additional 346 units are from a compensation-related grant or award, not an open-market share purchase. They are restricted stock units issued as part of Ingredion’s annual retainer for outside directors, with settlement in stock at a future time.