Form 4: Ingredion Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David Eric Seip, SVP at Ingredion Inc., reports changes in beneficial ownership of phantom stock units.
Summary
- On February 29, 2024, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., reported changes in his beneficial ownership.
- Seip acquired 4.928 phantom stock units under the company's SERP (Supplemental Executive Retirement Plan).
- The phantom stock units are based on a closing price of $117.63 per share of Ingredion's common stock on February 29, 2024.
- Seip disposed of 4,438.2041 phantom stock units.
- Following the reported transactions, Seip beneficially owns 4,438.2041 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in executive ownership, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of the transaction involving phantom stock units. |
| 03/05/2024 | Date of the signature on the Form 4 filing. |
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