Form 4: Ingredion SVP Acquires Phantom Stock Units

Ingredion's SVP of Global Operations and CSCO, David Eric Seip, acquired 9.227 phantom stock units under the company's Supplemental Executive Retirement Plan.

Summary

• David Eric Seip, SVP, Global Operations and CSCO of Ingredion Inc (INGR), acquired 9.227 phantom stock units.
• The transaction occurred on October 15, 2025, as an allocation under the company's Supplemental Executive Retirement Plan (SERP).
• Each phantom stock unit represents the right to receive one share of Ingredion common stock.
• The phantom stock units were valued at $120.4 per unit, based on the closing price of the issuer's Common Stock on the transaction date.
• Following this transaction, David Eric Seip beneficially owns 9,109.7701 phantom stock units directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction related to executive compensation, which is neutral in terms of immediate market sentiment.

Positives

• The acquisition of phantom stock units increases the executive's beneficial ownership, further aligning their interests with those of shareholders.
• This transaction represents a routine allocation under the company's Supplemental Executive Retirement Plan, indicating ongoing executive compensation and retention strategies.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing details a routine insider transaction related to executive compensation, which is a standard practice across various industries to align management incentives with shareholder value. It does not provide information directly related to broader industry trends or competitive positioning.

Comparison to Industry Standards

• The use of phantom stock as a component of executive compensation, particularly within a Supplemental Executive Retirement Plan (SERP), is a common practice among publicly traded companies, including those in the food ingredient and specialty chemicals sectors. This mechanism helps retain key executives and ties their long-term incentives to the company's stock performance without immediate equity dilution.
• The specific valuation method, based on the closing price of common stock on the transaction date, is a standard and transparent approach for such grants.

Stakeholder Impact

• Shareholders: The increase in executive beneficial ownership through phantom stock aligns management's long-term interests with shareholder value. However, phantom stock units do not represent immediate dilution.
• Employees: This filing primarily concerns executive compensation and does not directly impact the broader employee base.

Key Dates

Keywords

Ingredion, INGR, Form 4, Insider Transaction, Phantom Stock, Executive Compensation, David Eric Seip, SERP