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

David Eric Seip, SVP at Ingredion Inc., reports acquisition of phantom stock units under the company's SERP plan.

Summary

• On October 31, 2024, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., acquired 8.101 phantom stock units.
• These units were allocated under the company's Supplemental Executive Retirement Plan (SERP).
• The price of the phantom stock is $132.76 per unit, based on the closing price of Ingredion's common stock on the transaction date.
• Following the transaction, Seip directly owns 5,218.7051 phantom stock units, including shares acquired through dividend reinvestment.
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.
• The SERP plan incentivizes long-term performance and retention of key personnel.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align management's interests with shareholder value. This is a common practice among publicly traded companies to incentivize performance and retention.

Comparison to Industry Standards

• Phantom stock plans are a common form of executive compensation, similar to stock options or restricted stock units offered by companies like Archer Daniels Midland (ADM) and Bunge Limited (BG) in the agricultural processing industry.
• The vesting schedules and terms of these plans can vary, but the general purpose is to incentivize long-term performance and align executive interests with shareholder value, which is a standard practice across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive compensation with company performance.

Key Dates