In a recent filing, David Eric Seip, the Senior Vice President of Global Operations and Chief Supply Chain Officer at Ingredion Inc, reported the acquisition of phantom stock. This acquisition, which took place on October 30, 2026, signifies a strategic move within the company's compensation framework.

Background

Ingredion Inc, a major player in the grain mill products sector, operates under the Central Index Key (CIK) number 0001046257. The company is incorporated in Delaware and has its headquarters at 5 Westbrook Corporate Center, Westchester, IL. Ingredion primarily focuses on manufacturing and supplying ingredients for various food and beverage products. The company was formerly known as Corn Products International Inc before its name change in 1997.

What the Filing Says

The filing, accession number 0001046257-26-000266, details that Seip acquired 18.011 shares of phantom stock at a transaction price of $96.97 per share. Following this transaction, Seip holds a total of 13,598.4761 shares of phantom stock. The phantom stock units represent the right to receive one share of common stock and are part of Ingredion's Non-Qualified Deferred Compensation Plan.

Impact

This transaction may affect various stakeholders, including Ingredion's executive team and shareholders. By acquiring phantom stock, Seip aligns his interests with those of the shareholders, potentially influencing company performance and strategic decisions. The move also reflects broader trends in executive compensation within the grain mill products industry.

What's Next

The filing does not say what happens next.