Form 4: Ingredion Executive David Seip Receives Phantom Stock Allocation Under SERP

Ingredion Inc's SVP of Global Operations and CSCO, David Eric Seip, was allocated 8.191 units of phantom stock as part of the company's Supplemental Executive Retirement Plan.

Summary

• David Eric Seip, Senior Vice President of Global Operations and Chief Supply Chain Officer (CSCO) at Ingredion Inc (INGR), was the reporting person.
• The transaction involved the acquisition of 8.191 units of phantom stock.
• The phantom stock was allocated under Ingredion's Supplemental Executive Retirement Plan (SERP).
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.
• The valuation of the phantom stock was based on the closing price of Ingredion's common stock on June 30, 2025, which was $135.62 per share.
• Following this transaction, David Eric Seip beneficially owns 8,994.6751 units of phantom stock directly.

Sentiment

Score: 6

Explanation: The allocation of phantom stock is a standard executive compensation practice, generally viewed as neutral to slightly positive as it aligns executive interests with shareholder value and aids in retention.

Positives

• The allocation of phantom stock aligns the executive's long-term financial interests with the performance of Ingredion's common stock, potentially incentivizing sustained growth and shareholder value.
• Participation in the Supplemental Executive Retirement Plan (SERP) serves as a retention mechanism for key management personnel like Mr. Seip.

Future Outlook

The phantom stock units represent a future right to receive shares of Ingredion's common stock, aligning the executive's long-term incentives with the company's performance.

Industry Context

The allocation of phantom stock is a common form of executive compensation in publicly traded companies, designed to align management incentives with shareholder interests and promote long-term retention.

Related Party Transactions

• The transaction involves the allocation of phantom stock from Ingredion Inc to one of its senior executives, David Eric Seip, which is a related-party transaction as part of his compensation package.

Stakeholder Impact

• Shareholders: The phantom stock allocation aligns executive incentives with shareholder value, but also represents a potential future dilution when the units convert to common stock.
• Employees: This transaction is part of the executive compensation structure, which is typical for senior leadership within a large corporation.

Next Steps

• The phantom stock units will convert into common stock at a future date, as per the terms of the Supplemental Executive Retirement Plan (SERP).

Key Dates

Keywords

Ingredion, INGR, SEC Form 4, insider transaction, phantom stock, executive compensation, SERP, beneficial ownership