Form 4: Ingredion Inc. Executive Reports Acquisition of Phantom Stock

David Eric Seip, SVP at Ingredion Inc., reports acquiring phantom stock units under the company's SERP plan.

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., filed a Form 4 with the SEC.
• The form reports the acquisition of 7.962 phantom stock units on October 15, 2024, 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.
• Following the transaction, Seip directly owns 5,179.8171 shares of phantom stock.
• The price of the phantom stock is $135.07 per unit.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to positively as it aligns management with shareholder interests. The sentiment is slightly positive due to the incentive aspect of the phantom stock.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.
• The SERP plan provides a long-term incentive for the executive.

Industry Context

Executive compensation through equity-based awards like phantom stock is a common practice in publicly traded companies to incentivize performance and align management's interests with shareholders.

Comparison to Industry Standards

• Phantom stock plans are a fairly common form of deferred compensation, especially among larger companies like Ingredion.
• Companies like Archer Daniels Midland (ADM) and Bunge Limited (BG) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The acquisition of phantom stock has a minor positive impact on shareholders by aligning executive interests with shareholder value.

Key Dates