Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

David Eric Seip, SVP at Ingredion Inc., acquired 4,397 phantom stock units on January 31, 2025, under the company's SERP.

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., acquired 4,397 phantom stock units on January 31, 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 a closing price of $136.44 per share on the transaction date.
• The total number of phantom stock units held by Mr. Seip after this transaction is 5,288.5851, which includes shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive for the company's long-term alignment of interests.

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.

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 ADM and Bunge, use similar equity-based compensation plans.
• The specific terms of the SERP and the number of units granted are specific to Ingredion's compensation strategy.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.

Key Dates

Keywords

phantom stock, SERP, executive compensation, Ingredion Inc, stock units, insider trading, Form 4