Form 4: Ingredion Executive Gains Phantom Stock Allocation

Ingredion's SVP of Global Operations and CSCO, David Eric Seip, was allocated 9.849 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 9.849 shares of phantom stock.
• The transaction date for this allocation was December 15, 2025.
• Each phantom stock unit represents the right to receive one share of common stock.
• The allocation was made under the company's Supplemental Executive Retirement Plan (SERP).
• The value of each phantom stock unit was $112.79, based on the closing price of Ingredion's Common Stock on December 15, 2025.
• Following this transaction, David Eric Seip beneficially owns 9,212.0561 shares of phantom stock directly.

Sentiment

Score: 6

Explanation: The filing reports a routine executive compensation event, which is generally a neutral to slightly positive indicator as it aligns executive interests with shareholders. It does not contain information that would significantly alter the company's fundamental outlook.

Positives

• The allocation of phantom stock aligns the executive's interests with those of shareholders, as the value is tied to the company's common stock performance.
• This transaction represents a component of executive compensation, indicating ongoing commitment and retention of key management.

Risks

• The value of the phantom stock is directly tied to the performance of Ingredion's common stock, meaning a decline in share price would reduce the value of this compensation.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an executive's beneficial ownership change.

Industry Context

The allocation of phantom stock as part of an executive's compensation package is a common practice in the food ingredient and broader manufacturing industries, designed to incentivize long-term performance and align management interests with shareholder value.

Comparison to Industry Standards

• Executive compensation structures, including equity-based awards like phantom stock, are standard across publicly traded companies in the food processing and specialty ingredients sector, such as Archer-Daniels-Midland (ADM) or Tate & Lyle (TATYY).
• The use of a Supplemental Executive Retirement Plan (SERP) for such allocations is also a recognized mechanism for deferred compensation and executive retention, comparable to practices at peers like Kerry Group or DSM-Firmenich.

Related Party Transactions

• The transaction involves an allocation of phantom stock to a senior executive, David Eric Seip, under the company's Supplemental Executive Retirement Plan, which is a form of executive compensation.

Stakeholder Impact

• Shareholders: The allocation of phantom stock to a senior executive helps align management's financial interests with shareholder value creation, as the value of the phantom stock is tied to the company's common stock performance.
• Employees: This transaction is specific to executive compensation and does not directly impact the broader employee base.

Key Dates

Keywords

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