Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

Jinghuai Xu, SVP and Chief Innovation Officer at Ingredion Inc., reports acquisition of phantom stock units under the company's Stock Equivalent Retirement Plan (SERP).

Summary

• Jinghuai Xu, a Senior Vice President and Chief Innovation Officer at Ingredion Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 8, 2024, where Xu acquired phantom stock units under the Stock Equivalent Retirement Plan (SERP).
• Xu acquired 2,279.636 shares of phantom stock at a price of $117.47 per share.
• Following the transaction, Xu beneficially owns 13,725.3799 shares of phantom stock.
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction without expressing any positive or negative outlook.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests. Phantom stock plans are a common form of deferred compensation.

Stakeholder Impact

• The transaction provides stakeholders with insight into executive compensation and alignment with company performance.

Key Dates