CRANDALL ROGER W 4

What Happened

• Roger W. Crandall, an adviser and board member, reported an acquisition of 4,193.783 units tied to Barings Corporate Investors (MCI) on March 20, 2026. The units are recorded at $19.30 each for a total value of $80,940. The filing classifies the transaction as "Other acquisition or disposition (J)" and reflects a derivative/notional interest rather than an open-market stock purchase.

Key Details

• Transaction date and filing: transaction on 2026-03-20; Form 4 filed 2026-03-24 (appears to be filed late — Form 4s are generally due within 2 business days).
• Price and amount: 4,193.783 units at $19.30 each; total reported value $80,940.
• Shares owned after transaction: not specified in the filing.
• Transaction code: J (Other acquisition/disposition); instrument reported as a derivative/notional interest.
• Footnotes: the units are part of a non-qualified deferred compensation plan. They are not actual shares — value is tied to the market value (including reinvested dividends) of BCI common shares but the plan and participants do not hold legal title to company stock. The units are exercisable/paid out only upon termination, retirement, or other plan‑permitted events; plan holdings may be liquidated and reallocated by the participant.

Context

• This is an acquisition of notional/deferred-compensation units, not an open-market buy of common stock. Such transactions reflect plan allocations and payout mechanics rather than an immediate vote of confidence or direct ownership; treat them differently from ordinary purchases or sales by insiders.