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

• On March 31, 2025, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., acquired 8.222 units of phantom stock.
• These units were allocated 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.
• The price of the phantom stock is based on the closing price of Ingredion's common stock on March 31, 2025, which was $135.21.
• Following this transaction, Seip directly owns 8,891.1801 units of phantom stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the alignment of executive interests with company performance.

Positives

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

Future Outlook

NA

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and align executive interests with shareholder value. This filing is a routine disclosure of such an arrangement.

Comparison to Industry Standards

• Phantom stock awards are a common component of executive compensation packages in publicly traded companies, particularly in the manufacturing and consumer goods sectors.
• Companies like Archer Daniels Midland (ADM) and Bunge Limited (BG) also utilize similar equity-based compensation plans for their executives.
• The specific terms and conditions of these plans, such as vesting schedules and performance metrics, can vary significantly across companies.

Stakeholder Impact

• Shareholders may view the phantom stock acquisition as a positive sign, indicating that the executive's interests are aligned with the company's long-term success.
• Employees may see the executive compensation package as fair and competitive.

Key Dates

Keywords

phantom stock, SERP, Ingredion, Form 4, executive compensation, beneficial ownership, David Eric Seip