Form 4: Ingredion Inc. Executive Reports Phantom Stock Acquisition

David Eric Seip, SVP at Ingredion Inc, reports acquiring phantom stock units under the company's SERP plan.

Summary

• On August 15, 2024, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc, acquired 8.223 phantom stock units.
• 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 August 15, 2024, which was $130.77.
• Following this transaction, Seip directly owns 5,148.0321 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It doesn't suggest any immediate positive or negative implications for the company's financial health, but it does reflect ongoing investment in executive talent.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The SERP plan is a common executive compensation tool.

Industry Context

Phantom stock and SERP plans are common components of executive compensation packages in publicly traded companies, designed to incentivize long-term performance and align executive interests with shareholder value.

Comparison to Industry Standards

• Companies like Archer Daniels Midland (ADM) and Bunge (BG) also utilize similar executive compensation strategies, including stock options and deferred compensation plans, to attract and retain top talent.
• The prevalence of these plans reflects the industry's focus on long-term growth and shareholder returns.

Stakeholder Impact

• The acquisition of phantom stock has a minor positive impact on shareholders by aligning executive interests with company performance.

Key Dates