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 March 8, 2024, David Eric Seip, SVP of Global Operations and CSCO at Ingredion Inc., acquired 542.609 units of phantom stock.
• These phantom stock 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 March 8, 2024, was $117.47.
• Following the transaction, Seip directly owns 4,980.8131 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It doesn't contain any particularly positive or negative news, but reflects ongoing operations and alignment of executive interests with shareholders.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The SERP plan is designed to provide retirement benefits to key executives.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and retain key personnel. This filing reflects a standard practice in publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common component of executive compensation packages in the food and beverage industry, similar to companies like Archer Daniels Midland (ADM) and Bunge Limited (BG).
• These grants are designed to align executive incentives with shareholder value by providing a stake in the company's future performance.
• The size of the grant is typical for an executive at Seip's level within a company of Ingredion's size and market capitalization.

Stakeholder Impact

• The phantom stock acquisition aligns the executive's interests with those of the shareholders, potentially driving better company performance.
• The SERP plan provides long-term retirement benefits to the executive.

Key Dates