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 May 31, 2024, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., acquired 9.146 units of phantom stock.
• This acquisition was made 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 May 31, 2024, which was $117.58.
• Following this transaction, Seip directly owns 5,069.2371 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding executive compensation. It doesn't inherently convey positive or negative sentiment.

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.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align management's interests with shareholder value. This Form 4 filing is a routine disclosure related to such compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and alignment of interests.

Key Dates