Lapish Erika 4

What Happened
Erika Lapish, Chief Human Resources Officer of MGP Ingredients (MGPI), had a total of 1,765 shares withheld/disposed to satisfy tax withholding related to equity awards. On 2026-02-14 she surrendered 554 shares at $25.74 each for $14,260, and on 2026-02-16 she surrendered 1,211 shares at $25.74 each for $31,171, for a combined value of $45,431. The transactions are reported as tax withholding/dispositions (code F), not open-market sales.

Key Details

• Transaction dates and prices: 2026-02-14 — 554 shares @ $25.74 ($14,260); 2026-02-16 — 1,211 shares @ $25.74 ($31,171).
• Total shares surrendered: 1,765; total reported value: $45,431.
• Footnotes in the filing:
  • F1: Represents 3,470 shares of common stock and 7,103 restricted stock units.
  • F2: Represents 5,654 shares of common stock and 3,708 restricted stock units.
    (These footnotes indicate the transactions relate to the referenced common shares and RSUs.)
• Filing: Form 4 filed 2026-02-18 covering a report period beginning 2026-02-14. The filing shows these were tax-withholding disposals rather than open-market trades.

Context
Withholdings like these are routine: when RSUs vest or options are exercised, companies often withhold or surrender shares to cover employee tax obligations. Because these were shares surrendered to satisfy taxes (code F) rather than sales on the open market, they do not necessarily indicate a change in the insider’s market view.