Emery Christina 4
4 · BARINGS CORPORATE INVESTORS · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Barings (MCI) President Christina Emery Acquires 41.8 Notional Shares
What Happened
Christina Emery, President of Barings Corporate Investors (MCI), reported an acquisition of 41.816 notional shares on 2026-04-16 at an imputed price of $17.97 per share, valued at about $751. This was recorded as an "other acquisition" (code J) tied to a deferred-compensation/plan investment option — not an open-market stock purchase.
Key Details
- Transaction date and price: 2026-04-16 at $17.97 per notional share.
- Shares acquired: 41.816 notional shares; reported value ≈ $751.
- Transaction type: Code J — other acquisition; derivative/notional units under a deferred compensation plan.
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filed 2026-04-17 for a 2026-04-16 transaction (appears timely).
- Relevant footnotes:
- The units are not actual shares but notional units in a non-qualified deferred compensation plan (F1, F2). They are exercisable/paid only upon termination, retirement, or other plan-permitted events and can be liquidated or reallocated by the participant. The plan tracks the market value of Barings CI shares but does not give the participant legal ownership of company stock.
Context
This was a derivative/notional-plan allocation rather than a cash purchase or sale on the open market. Such deferral-plan allocations are common for executives and reflect internal compensation elections rather than direct equity ownership or immediate market exposure.
Insider Transaction Report
- Other
Barings Non-Qualified Thrift Plan
[F1][F2]2026-04-16$17.97/sh+41.816$751→ 6,533.23 total→ Common Shares ("Shares of Beneficial Interest") (41.816 underlying)
Footnotes (2)
- [F1]Exercisable only upon termination, retirement, or other plan permitted event. Plan holdings may be "liquidated" and reallocated into other plan investment options by the plan participant. The derivative has no actual securities underlying the plan agreement, which is entirely notional.
- [F2]Barings LLC (fka Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company each offer a non-qualified compensation deferral plan where certain officers are permitted to defer a portion of their compensation into the plans. Deferred compensation into a plan is allocated among one or more investment options at the election of the plan participant. Each plan has an investment option that derives its value from the market value of Barings Corporate Investors' common shares (and includes the value of reinvested dividends). However, pursuant to the terms of the plans, neither the plans nor the participants have an actual ownership interest in the common shares. The shares beneficially owned include the number of shares of Barings Corporate Investors represented by the value of the Barings Corporate Investors investment option under the plan held by the plan participant.