CRANDALL ROGER W 4

4 · BARINGS CORPORATE INVESTORS · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

Barings Corporate Investors (MCI) Adviser Roger W. Crandall Acquires 4,194 Shares

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.

Form 4

Period: 2026-03-20

Other

Transactions

Other
MassMutual Non-Qualified Thrift Plan
[F1][F2]
2026-03-20$19.30/sh+4,193.783$80,940→ 226,283.575 total
→ Common Shares ("Shares of Beneficial Interest") (4,193.783 underlying)

Holdings

Common Shares ("Shares of Beneficial Interest")
9,425.48
Barings Non-Qualified Thrift Plan
[F1]
→ Common Shares ("Shares of Beneficial Interest") (294,091 underlying)
294,091

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.

Signature

Stacy Standridge, as Attorney-in-fact|2026-03-24

1 file