Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

David Eric Seip, SVP at Ingredion Inc., acquired 7,299 phantom stock units on November 29, 2024, under the company's SERP.

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., acquired 7,299 phantom stock units on November 29, 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 29, 2024, which was $147.34 per share.
• Following this transaction, Mr. Seip beneficially owns 5,233.6381 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 provides a long-term incentive for the executive.

Industry Context

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

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).
• These grants are often part of a broader compensation package that includes salary, bonuses, and other equity-based awards.
• The vesting and payout terms of phantom stock can vary, but they generally aim to incentivize long-term performance and retention.

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