Seip David Eric 4

What Happened

• David Eric Seip, SVP, Global Operations and Chief Supply Chain Officer at Ingredion (INGR), received awards tied to a performance share award that vested on February 9, 2026. The filing shows 3,290 shares were acquired upon vesting (reported as $0 acquisition price because they were compensation awards).
• To cover required taxes on the vesting, 1,101 shares were withheld/disposed at $119.29 per share for a withholding value of $131,338. The filing also reports 3,290 phantom stock units allocated under the company’s Non‑Qualified Deferred Compensation Plan (each phantom unit represents the right to one share).

Key Details

• Transaction date: 2026-02-09; Filing date: 2026-02-11 (filed timely).
• Awards vested: 3,290 shares (performance share award originally granted Feb 15, 2023).
• Shares withheld for taxes: 1,101 shares at $119.29 each = $131,338 (tax withholding; code F).
• Derivative/deferral: 3,290 phantom stock units allocated under the Non‑Qualified Deferred Compensation Plan (each equals the right to one share).
• Footnotes: F1 & F4 — vesting was from a 2023 performance share award and was based on multiple criteria beyond share-price increase; F2 — shares were withheld to pay taxes; F3 — filing may include RSUs acquired via deemed dividend reinvestment that vest with the underlying RSUs.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context

• This was primarily a compensation event (award vesting) rather than an open‑market purchase or a voluntary sale. The disposal reported here reflects routine tax withholding, not a market sale to realize gains.
• Phantom stock units and RSU dividend reinvestment are forms of deferred/contingent compensation that convert to value/share rights according to plan terms. These transactions are common for executive pay and do not, by themselves, indicate personal buying or selling conviction.