Fernandes Larry 4
Research Summary
AI-generated summary
Ingredion (INGR) SVP Larry Fernandes Receives RSU Award
What Happened
Larry Fernandes, Senior Vice President and Chief Communications & Sustainability Officer at Ingredion (INGR), was granted 2,375 restricted stock units (RSUs) on Feb 25, 2026. The grant price used for reporting was $117.94 per share, giving the award a reported value of $280,108. This is an award (not an open-market purchase or sale) representing future shares if and when the RSUs vest.
Key Details
- Transaction type: Award/Grant (A) of RSUs
- Transaction date: February 25, 2026; Filing date: February 27, 2026 (filed within the standard reporting window)
- Shares/units: 2,375 RSUs at $117.94 per share; reported value $280,108
- Vesting: RSUs vest on February 25, 2029 (one share issued per RSU upon vesting)
- Special vesting rules: Pro-rata vesting on termination due to death, disability, or retirement. If retirement occurs on or after Feb 25, 2027, the RSUs continue to vest per the schedule.
- Shares owned after transaction: Not disclosed in the Form 4 filing
Context
RSUs are a common form of long-term incentive compensation; they do not represent immediate share ownership or a cash transaction until they vest and are settled in shares. This grant signals routine executive compensation rather than an open-market trade by the insider.