Form 4: Ingredion Executive Increases Phantom Stock Holdings

David Eric Seip, SVP, Global Operations and CSCO of Ingredion Inc., reported an acquisition of 8.269 phantom stock units, increasing his total beneficial ownership to 9,002.9441 units.

Summary

• David Eric Seip, the Senior Vice President of Global Operations and Chief Supply Chain Officer (CSCO) at Ingredion Inc. (INGR), reported a change in his beneficial ownership.
• On July 15, 2025, Mr. Seip acquired 8.269 phantom stock units.
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.
• The allocation was made under the company's SERP (Supplemental Executive Retirement Plan) and was based on the closing price of Ingredion's common stock on July 15, 2025, which was $134.34 per unit.
• Following this transaction, Mr. Seip's total beneficial ownership of phantom stock units increased to 9,002.9441 units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an executive's continued participation in the company's equity compensation plan, aligning their interests with shareholders. The transaction itself is small and routine, thus not highly impactful.

Positives

• The acquisition of phantom stock units aligns the executive's interests with those of shareholders, as the value of these units is tied to the company's common stock performance.
• The increase in beneficial ownership, even if small, can be seen as a routine part of executive compensation and retention.

Industry Context

This filing is a routine disclosure of an executive's equity compensation, common across publicly traded companies. It reflects standard practices in executive incentive programs designed to align management interests with shareholder value.

Stakeholder Impact

• Shareholders: The transaction represents a component of executive compensation, which is a cost to the company but also aims to incentivize management performance aligned with shareholder interests.
• Employees: No direct impact on general employees is indicated by this specific filing.

Key Dates

Keywords

Ingredion Inc., INGR, SEC Form 4, insider transaction, phantom stock, executive compensation, beneficial ownership, SERP, corporate governance