Seip David Eric 4/A
4/A · Ingredion Inc · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Ingredion (INGR) SVP David Seip Receives Phantom Stock Award
What Happened
Seip David Eric, Senior Vice President, Global Operations and CSCO at Ingredion (INGR), was credited with 388.909 phantom stock units (a derivative award) on March 6, 2026. The units are valued at $114.83 each, for an aggregate value of approximately $44,658. This filing is an amendment to correct the reported number of shares. These are phantom stock units allocated under the company's Non‑Qualified Deferred Compensation Plan, not an open‑market purchase.
Key Details
- Transaction date and price: 2026-03-06; reported price per share used for valuation $114.83.
- Amount: 388.909 phantom stock units (aggregate value ~$44,658).
- Shares owned after transaction: Not specified in the information provided.
- Footnote: F1 — units represent phantom stock allocated under the Non‑Qualified Deferred Compensation Plan; each unit represents the right to receive one share of common stock.
- Filing status: This is an AMENDED Form 4 filed 2026-03-19 to correct the number of shares. The amendment was filed 13 days after the transaction (outside the standard two business‑day Form 4 reporting window).
Context
Phantom stock units are a form of deferred compensation that give the holder the right to receive shares (or cash equivalent) later; they are derivative awards rather than purchases and are typically part of compensation programs. Such awards are routine compensation actions and are generally less direct a signal of insider sentiment than open‑market purchases.
Insider Transaction Report
- Award
Phantom Stock
[F1]2026-03-06$114.83/sh+388.909$44,658→ 13,009.582 total→ Common Stock (388.909 underlying)
Footnotes (1)
- [F1]Represents the aggregate number of shares of phantom stock allocated to the reporting person under the Non-Qualified Deferred Compensation Plan as of the date hereof based on the closing price of a share of the issuer's Common Stock on March 6, 2026. Each phantom stock unit represents the right to receive one share of common stock.