Form 4: Ingredion Inc. Executive Reports Acquisition of Phantom Stock
SEC Form 4 Filing
David Eric Seip, SVP at Ingredion Inc., reports acquiring phantom stock units under the company's SERP plan.
Summary
- On September 30, 2024, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., acquired 7.826 shares of phantom stock.
- This acquisition was made under the company's Supplemental Executive Retirement Plan (SERP).
- The price of the phantom stock was $137.43 per share.
- Following the transaction, Seip directly owns 5,171.8551 shares of phantom stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine reporting of executive compensation.
Positives
- The acquisition of phantom stock aligns the executive's interests with the company's performance.
- The SERP plan is designed to provide additional retirement benefits to key executives.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholder confidence due to alignment of executive interests.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the phantom stock transaction |
| 10/01/2024 | Date of signature on the Form 4 filing |
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