Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

David Eric Seip, SVP at Ingredion Inc., acquired 4,517 phantom stock units on January 15, 2025, under the company's SERP.

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., acquired 4,517 phantom stock units on January 15, 2025.
• These 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 January 15, 2025, which was $132.83 per share.
• Following this transaction, Mr. Seip beneficially owns 5,253.4251 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive. It indicates that the executive is incentivized to perform well for the company.

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 filing is a routine disclosure of executive compensation and is typical for publicly traded companies. It reflects the company's use of equity-based compensation to incentivize its executives.

Comparison to Industry Standards

• Many publicly traded companies use phantom stock or similar equity-based compensation plans as part of their executive compensation packages.
• The use of a Supplemental Executive Retirement Plan (SERP) is a common practice to provide long-term incentives and retirement benefits to key executives.
• The specific number of units and the valuation method are consistent with standard practices for such plans.

Stakeholder Impact

• The transaction aligns executive interests with shareholder value, which is generally positive for shareholders.
• The use of phantom stock units does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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