Seip David Eric 4
Research Summary
AI-generated summary
Ingredion (INGR) SVP David E. Seip Receives Phantom Stock Award
What Happened
- David E. Seip, Senior Vice President, Global Operations and Chief Supply Chain Officer, was granted 358.654 phantom stock units on March 6, 2026. The units were valued at $114.83 each (closing price), for an aggregate value of about $41,184. This was an award/derivative grant under Ingredion’s non-qualified deferred compensation plan—not an open-market purchase or sale.
Key Details
- Transaction date and price: March 6, 2026; 358.654 units valued at $114.83/unit (aggregate ~$41,184).
- Nature of award: Phantom stock units under the Non‑Qualified Deferred Compensation Plan; each unit represents the right to receive one share of common stock (see footnote F1).
- Shares owned after transaction: Not specified in the information provided.
- Filing timeliness: Report filed March 10, 2026 — within the typical 2-business-day Form 4 filing window (timely).
Context
- These phantom units are a deferred-compensation award (a derivative right) and do not represent an immediate transfer of common stock. They typically convert to shares or cash at a later date per plan terms, so this award is compensation-related rather than a direct buy/sell signal.