Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

David Eric Seip, SVP at Ingredion Inc., acquired 7,636 phantom stock units on November 15, 2024, under the company's SERP.

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., acquired 7,636 phantom stock units on November 15, 2024.
• These phantom stock units were allocated under the company's Supplemental Executive Retirement Plan (SERP).
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.
• The acquisition was based on the closing price of Ingredion's common stock on November 15, 2024, which was $140.83 per share.
• Following this transaction, Mr. Seip beneficially owns 5,226.3411 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock units aligns executive interests with shareholder value.
• The SERP is a common incentive for executives.

Industry Context

This is a standard transaction for executive compensation within publicly traded companies, using phantom stock as a form of long-term incentive.

Comparison to Industry Standards

• Phantom stock grants are a common practice among publicly traded companies to incentivize executives.
• Many companies in the food and beverage industry, such as Archer Daniels Midland and Bunge, use similar equity-based compensation plans.
• The specific number of units and vesting schedules vary by company and executive level.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, SERP, executive compensation, Ingredion Inc, stock units, insider trading