Form 4: Ingredion Inc. Executive Reports Phantom Stock Allocation
SEC Form 4 Filing
David Eric Seip, SVP at Ingredion Inc., reports an allocation of phantom stock units under the company's SERP plan.
Summary
- On September 13, 2024, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., reported a transaction involving phantom stock.
- Seip was allocated 7.99 shares of phantom stock 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 $134.6 per share.
- Following the reported transaction, Seip beneficially owns 5,164.0291 shares of phantom stock.
Sentiment
Score: 7
Explanation: The document reports a routine executive compensation transaction, which is generally neutral to positive as it incentivizes management. The sentiment is slightly positive as it indicates continued investment in the company's leadership.
Industry Context
Executive compensation through phantom stock is a common practice in publicly traded companies to align executive interests with shareholder value.
Stakeholder Impact
- The allocation of phantom stock aligns executive interests with shareholder value, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of phantom stock transaction |
| 09/16/2024 | Date of Form 4 filing |
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