Form 4: Ingredion SVP Acquires Phantom Stock Units

Ingredion Inc.'s SVP, Global Operations and CSCO, David Eric Seip, acquired 10.382 phantom stock units under the company's Supplemental Executive Retirement Plan.

Summary

• David Eric Seip, Senior Vice President, Global Operations and Chief Supply Chain Officer (CSCO) of Ingredion Inc. (INGR), reported an acquisition of phantom stock.
• The transaction occurred on November 14, 2025, and involved the acquisition of 10.382 phantom stock units.
• Each phantom stock unit represents the right to receive one share of common stock.
• The allocation was made under the company's Supplemental Executive Retirement Plan (SERP).
• The value of each phantom stock unit was based on the closing price of Ingredion's Common Stock on November 14, 2025, which was $107.
• Following this transaction, David Eric Seip beneficially owns 9,191.8771 derivative securities (phantom stock units).

Sentiment

Score: 7

Explanation: The filing indicates a routine executive compensation event, specifically an acquisition of phantom stock. This is generally positive as it aligns executive interests with shareholder value, but it does not represent new fundamental information that would significantly alter the company's outlook or valuation.

Positives

• The acquisition of phantom stock by a senior executive aligns their financial interests with the long-term performance of the company's common stock, potentially motivating them to enhance shareholder value.
• Participation in the Supplemental Executive Retirement Plan (SERP) indicates a structured approach to executive compensation and retention.

Future Outlook

The phantom stock units represent a future right to receive common stock, indicating a long-term incentive for the executive and aligning their future financial interests with the company's stock performance.

Industry Context

The allocation of phantom stock as part of a Supplemental Executive Retirement Plan is a common practice in executive compensation across various industries, designed to retain key talent and align management incentives with shareholder returns.

Comparison to Industry Standards

• Executive compensation plans, including phantom stock and SERPs, are standard tools used by publicly traded companies like Ingredion to attract, retain, and motivate senior management.
• The structure of phantom stock, where units convert to common stock, is a widely accepted method for deferred compensation and equity-based incentives, comparable to practices at peer companies in the food ingredients sector and broader industrial markets.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction aligns the executive's financial interests with shareholder value, as the phantom stock units represent a future right to common stock.
• Employees (Executive): The allocation is part of the executive's compensation package, contributing to retention and motivation.

Next Steps

• The phantom stock units will vest or convert into common stock according to the terms of the Supplemental Executive Retirement Plan (SERP).

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom stock by a senior executive as part of their compensation plan. It does not provide new fundamental information that would warrant a change in investment recommendation, but it does indicate continued executive alignment with shareholder interests, supporting a 'hold' position for existing investors.

Keywords

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