Form 4: Ingredion Executive Acquires Phantom Stock

Ingredion's SVP of Global Operations and CSCO, David Eric Seip, acquired 10.33 phantom stock units under the company's Supplemental Executive Retirement Plan.

Summary

• David Eric Seip, SVP, Global Operations and CSCO of Ingredion Inc (INGR), acquired 10.33 phantom stock units.
• The transaction occurred on November 28, 2025, as an allocation under the Supplemental Executive Retirement Plan (SERP).
• Each phantom stock unit represents the right to receive one share of common stock.
• The allocation was based on the closing price of Ingredion's Common Stock on November 28, 2025, which was $107.54 per share.
• Following this transaction, David Eric Seip beneficially owns 9,202.2071 phantom stock units directly.

Sentiment

Score: 6

Explanation: Slightly positive. While a routine compensation event, an executive's acquisition of equity-linked instruments generally signals confidence in the company's future prospects and aligns management's interests with shareholders.

Positives

• An executive's acquisition of phantom stock aligns management's interests with those of shareholders, indicating confidence in the company's future performance.
• The transaction is part of a structured Supplemental Executive Retirement Plan (SERP), suggesting a stable and planned compensation framework.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction reflects a routine executive compensation event within Ingredion, consistent with practices in many publicly traded companies where executive incentives include equity-based awards like phantom stock to align with long-term company performance.

Stakeholder Impact

• Shareholders: The transaction may be viewed as a minor positive signal, as it indicates management's continued investment and alignment with the company's long-term success through equity-based compensation.

Key Dates

Recommendation

This Form 4 details a routine executive compensation event involving the allocation of phantom stock. While insider acquisition of equity-linked instruments can be a minor positive signal of management confidence, this specific transaction is part of a pre-existing plan and is unlikely to significantly alter the company's fundamental outlook or warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

Ingredion, INGR, Form 4, Insider Transaction, Phantom Stock, Executive Compensation, SERP, David Eric Seip