Form 4: Ingredion Inc. Executive Seip David Eric Reports Acquisition of Phantom Stock

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

Summary

• On March 14, 2025, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., acquired 8.462 units 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 based on the closing price of Ingredion's common stock on March 14, 2025, which was $131.29.
• Following this transaction, Seip directly owns 8,882.9591 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of executive compensation. The acquisition of phantom stock is generally viewed as a positive incentive for management.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Industry Context

Executive compensation through phantom stock is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Phantom stock plans are a fairly standard component of executive compensation packages among publicly traded companies, particularly those seeking to retain key personnel and incentivize long-term performance.
• Companies like Archer Daniels Midland (ADM) and Bunge (BG), which operate in similar industries, also utilize various forms of equity-based compensation, including restricted stock units and performance shares, to align executive incentives with shareholder returns.

Stakeholder Impact

• The acquisition of phantom stock by a key executive can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates