Form 4: Ingredion Inc. Executive Reports Acquisition of Phantom Stock
SEC Form 4
David Eric Seip, SVP at Ingredion Inc., reports the acquisition of phantom stock units under the company's SERP plan.
Summary
- On July 31, 2024, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., reported the acquisition of 8.647 shares of phantom stock.
- These shares were allocated under the company's Supplemental Executive Retirement Plan (SERP).
- The price per share for the phantom stock was $124.37.
- Following the transaction, Seip beneficially owns 5,139.8091 shares, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment. It's a neutral disclosure.
Industry Context
Executive compensation through phantom stock is a common practice in publicly traded companies to align executive interests with shareholder value. This Form 4 filing is a routine disclosure required by the SEC.
Stakeholder Impact
- The acquisition of phantom stock aligns the executive's interests with those of the shareholders, as the value of the phantom stock is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Acquisition of phantom stock. |
| 08/01/2024 | Date of signature by attorney-in-fact. |
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