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

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

Summary

• On May 15, 2024, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., acquired 9.14 phantom stock units.
• These units were allocated 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 derivative security is $117.66.
• Following the transaction, Seip directly owns 5,060.0911 phantom stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of executive compensation.

Positives

• The acquisition of phantom stock indicates continued alignment of executive compensation with company performance.
• The SERP plan provides long-term incentives for key executives.

Industry Context

Executive compensation through equity-based awards like phantom stock is a common practice in publicly traded companies to incentivize performance and align management interests with shareholder value.

Comparison to Industry Standards

• Companies like Archer Daniels Midland (ADM) and Bunge Global SA (BG) also utilize equity-based compensation for their executives.
• The specific details of SERP plans and phantom stock allocations vary across companies based on their compensation philosophies and performance metrics.
• Benchmarking against peer companies' executive compensation packages would provide a more comprehensive assessment.

Stakeholder Impact

• Shareholders may view the phantom stock acquisition as a positive sign, aligning executive interests with company performance.
• Employees may see the SERP as a valuable component of the overall compensation package.

Key Dates