Form 4: Ingredion Executive Gains Phantom Stock Allocation

Ingredion's SVP of Global Operations and CSCO, David Eric Seip, was allocated 15.502 phantom stock units under a deferred compensation plan.

Summary

• David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc (INGR), acquired 15.502 phantom stock units.
• The phantom stock units were allocated under the company's Non-Qualified Deferred Compensation Plan.
• 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 March 31, 2026, which was $112.66 per share.
• Following this transaction, Mr. Seip beneficially owns 13,040.6321 derivative securities (phantom stock units).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting standard executive compensation practices designed to align management incentives with long-term shareholder value.

Positives

• The allocation of phantom stock units aligns executive incentives with long-term shareholder value, as each unit represents a right to receive one share of common stock.
• Participation in a Non-Qualified Deferred Compensation Plan can be a positive for executive retention and motivation.

Future Outlook

No specific forward-looking statements or guidance are provided in this filing, as it pertains to a past executive compensation allocation.

Industry Context

StockSavvy.ai notes that deferred compensation plans, often utilizing phantom stock, are a common and established practice within publicly traded companies across various industries. These plans serve as a key component of executive compensation strategies, aiming to retain talent and align management's financial interests with the long-term performance of the company and its shareholders.

Comparison to Industry Standards

• StockSavvy.ai notes that phantom stock allocations are a standard component of executive compensation packages across various industries, aligning executive interests with shareholder value over the long term.
• Many large corporations, such as PepsiCo and Coca-Cola, utilize similar deferred compensation structures to incentivize their senior leadership.

Corporate Governance

Related Party Transactions

• The allocation of phantom stock to David Eric Seip, an SVP of the company, constitutes a related party transaction as it involves compensation provided by the issuer to a key management personnel.

Stakeholder Impact

• Shareholders: The allocation of phantom stock aims to align the interests of a key executive with those of shareholders, potentially leading to better long-term company performance.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The executive benefits from deferred compensation tied to company stock performance, providing an incentive for continued engagement and performance.

Key Dates

Keywords

Ingredion, INGR, SEC Form 4, beneficial ownership, phantom stock, deferred compensation, executive compensation, corporate governance