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 Stock Equivalent Retirement Plan (SERP).

Summary

• David Eric Seip, a Senior Vice President at Ingredion Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 7.893 shares of phantom stock on March 15, 2024, under the Stock Equivalent Retirement Plan (SERP).
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.
• Following the reported transaction, Seip beneficially owns 4,988.7061 derivative securities.
• The price of the phantom stock is $114.75.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates