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 April 30, 2024, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., reported the acquisition of 12.237 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 common stock on April 30, 2024, was $114.59.
• Following the reported transaction, Seip beneficially owns 5,050.9511 derivative securities, including shares acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The document is a routine filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The SERP plan provides a means for executives to accumulate wealth tied to the company's stock performance.

Industry Context

Executive compensation through equity-based awards like phantom stock is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Phantom stock plans are a fairly common form of deferred compensation, especially among larger companies.
• Companies like Archer Daniels Midland (ADM) and Bunge (BG) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The acquisition of phantom stock units by an executive could have a minor positive impact on shareholder confidence.

Key Dates