Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

David Eric Seip, SVP at Ingredion Inc., acquired 7,818 phantom stock units on December 31, 2024, under the company's SERP.

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., acquired 7,818 phantom stock units on December 31, 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 December 31, 2024, which was $137.56 per share.
• Following this transaction, Mr. Seip directly owns 5,248.9081 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 the executive's interests with the company's performance.
• The SERP is a common incentive for executives, indicating a standard compensation practice.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, using phantom stock to align executive interests with shareholder value.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation, similar to practices at companies like Archer Daniels Midland (ADM) and Bunge Limited (BG), which also use equity-based incentives.
• The use of a Supplemental Executive Retirement Plan (SERP) is also a standard practice among large corporations to provide additional retirement benefits to key executives.

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, Form 4