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

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

Summary

• On June 28, 2024, David Eric Seip, SVP, Global Ops and CSCO of Ingredion Inc., was allocated 9.376 shares of phantom stock under the company's Supplemental Executive Retirement Plan (SERP).
• The phantom stock units are based on a price of $114.7 per share of Ingredion's common stock.
• Following this transaction, Seip directly owns 5,088.0561 derivative securities.
• Each phantom stock unit represents the right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an executive's compensation. It is neutral in sentiment.

Positives

• The allocation of phantom stock suggests continued alignment of executive compensation with company performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Phantom stock is a common form of deferred compensation used to align executive interests with shareholder value.

Stakeholder Impact

• The allocation of phantom stock aligns executive interests with shareholder value, potentially incentivizing decisions that benefit shareholders.

Key Dates