Form 4: Ingredion Inc. Executive Reports Stock Transactions Following Vesting of Performance Share Award

David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., reports acquisition and disposal of company stock related to the vesting of a performance share award.

Summary

• On February 11, 2025, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., acquired 3,426 shares of common stock upon the vesting of a performance share award granted on February 16, 2022.
• The vesting of this award was based on criteria beyond just the increase in Ingredion's stock price.
• Simultaneously, 1,128 shares were withheld to cover applicable taxes related to the vesting.
• Following these transactions, Seip directly owns 25,186.4453 shares of Ingredion common stock.
• Additionally, Seip acquired 3,426 shares of phantom stock under the SERP (Supplemental Executive Retirement Plan) also related to the vesting of the performance share award.
• Seip now holds 8,714.5851 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like David Eric Seip, transact in their company's stock. It provides transparency to investors about the trading activities of those with privileged information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency in insider trading.
• Companies like Archer Daniels Midland (ADM) and Bunge Global SA, which are Ingredion's competitors, also have similar insider trading reporting requirements.
• The vesting of performance share awards is a common form of executive compensation, aligning management's interests with those of shareholders.

Stakeholder Impact

• Shareholders are informed about insider trading activities, promoting transparency and trust.
• Employees may be interested in the details of executive compensation packages.

Key Dates

Keywords

Ingredion Inc, David Eric Seip, Form 4, Stock transaction, Performance share award, Vesting, Phantom stock, SERP, Executive compensation, Beneficial ownership