Form 4: Ingredion Inc. Executive Seip David Eric Reports Acquisition of Phantom Stock
SEC Form 4 Filing
David Eric Seip, SVP at Ingredion Inc., reports acquiring phantom stock units under the company's SERP plan.
Summary
- On April 15, 2024, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., acquired 8.223 shares of phantom stock.
- These shares were allocated under the company's Supplemental Executive Retirement Plan (SERP).
- The price of the phantom stock is based on the closing price of Ingredion's common stock on April 15, 2024, which was $110.13.
- Following the transaction, Seip directly owns 5,004.6791 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Positives
- The acquisition of phantom stock aligns the executive's interests with the company's performance.
- The SERP plan is designed to provide additional retirement benefits to key executives.
Industry Context
Executive compensation through phantom stock is a common practice in publicly traded companies to incentivize performance and align executive interests with shareholder value.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning executive compensation with company performance.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of phantom stock acquisition |
| 04/17/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.