Molamphy Kathleen Susan 4
Research Summary
AI-generated summary
MGP Ingredients (MGPI) Chief Legal & HR Officer Receives 15,816-Share Award
What Happened
- Kathleen Susan Molamphy, Chief Legal and Human Resources Officer of MGP Ingredients (MGPI), was granted two equity awards on March 5, 2026: 4,519 shares and 11,297 shares (total 15,816 units). Both awards were granted at $0 (award/grant code A) and represent restricted stock units (RSUs) and/or performance stock units (PSUs), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-05. Form filed: 2026-03-06 (filed the next day; not indicated as late).
- Award amounts: 4,519 units and 11,297 units; total 15,816 units. Grant price reported as $0.
- Vesting notes (from filing footnotes):
- Some RSUs vest pro rata on March 5 of 2027, 2028 and 2029.
- Other RSUs vest pro rata on March 5 of 2029 and 2030.
- The filing states certain PSUs had their performance goals certified by the HR & Compensation Committee; those PSUs now remain subject only to time-based vesting.
- Footnotes also reference holdings including 11,832 RSUs and 5,609 PSUs (and elsewhere 23,129 RSUs and 5,609 PSUs) that remain subject to time-based vesting after performance certification.
- Shares owned after the reported transactions: not stated in the provided excerpt.
Context
- These awards are compensation (RSUs/PSUs). RSUs convert to actual shares only as they vest; PSUs depend on performance metrics but here have been certified and now vest on a time schedule. Awards are neither immediate purchases nor sales and do not necessarily indicate near-term trading intent.