MGP Ingredients director Leslie Lux sells $399,398 of common stock
Leslie Lux, a director and 10% shareholder of MGP Ingredients Inc., recently sold 27,731 shares of the company's common stock on September 16, 2026. The transaction, totaling $399,398, took place at prices between $14.31 and $14.55 per share, with a weighted average price of $14.4026. This sale came as MGPI stock was trading near its lowest point in the past 52 weeks, currently priced at $14.13, marking a 46% decrease over the past year.
The Lux Children Irrevocable Trust, of which Ms. Lux is the sole trustee, executed the indirect sale. Post-sell, the Lux Children Trust no longer holds any shares in Ms. Lux's aggregate indirect ownership. Despite potentially holding voting and dispositive power over the sold shares, Ms. Lux and the Trust disclaim beneficial ownership, except for their financial interest.
MGP Ingredients, in other news, reported Q2 2026 earnings that exceeded analyst expectations, but its revenue fell short of targets. The company also amended its credit agreement with lenders, adjusting EBITDA calculations to add back up to $20 million in losses related to specific accounts receivable, aiming to comply with financial covenants.
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