INGR insider David Seip receives 8.983 phantom stock units at $123.67

Rhea-AI Filing Summary

Reporting person: David Eric Seip, SVP, Global Ops and CSCO at Ingredion Inc (INGR), reported a grant of phantom stock units under the company’s SERP on 09/15/2025. The Form 4 shows 8.983 phantom stock units were allocated to the reporting person, where each phantom unit represents the right to receive one share of common stock. The allocation was valued using the closing price on September 15, 2025 of $123.67 per share. Following the allocation, the Form reports 9,091.4461 shares of common stock beneficially owned by the reporting person in a direct (D) ownership form. The filing was signed by attorney-in-fact Michael N. Levy on 09/16/2025.

Insights

Financial Analyst

TL;DR: Insider received a small allocation of phantom stock valued at $123.67 per unit; reported as direct beneficial ownership.

The Form 4 documents an allocation of 8.983 phantom stock units under the SERP to David Eric Seip on 09/15/2025, using the closing share price of $123.67 to determine value. The report lists 9,091.4461 shares beneficially owned following the transaction and classifies ownership as direct. This is a routine executive compensation allocation recorded under Section 16 reporting requirements; the filing does not disclose cash payments, exercises, or dispositions related to these units.

Corporate Governance Expert

TL;DR: Company reported a SERP phantom stock allocation to an officer; disclosure is consistent with Section 16 timing and signature requirements.

The disclosure specifies the nature of the award as phantom stock units allocated under the SERP and explicitly states that each unit represents the right to receive one share of common stock. The Form 4 includes the deemed valuation basis (closing price on 09/15/2025) and shows the filing signed by an attorney-in-fact on 09/16/2025. The filing contains no amendments, no derivative exercises, and no additional compensatory terms beyond the brief explanation provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Seip David Eric

(Last) (First) (Middle)

5 WESTBROOK CORPORATE CENTER

(Street)

WESTCHESTER IL 60154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ingredion Inc [ INGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Global Ops and CSCO

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	09/15/2025		A		8.983		(1)	(1)	Common Stock	8.983	$123.67	9,091.4461	D

Explanation of Responses:

1. Represents the aggregate number of shares of phantom stock allocated to the reporting person under the SERP as of the date hereof based on the closing price of a share of the issuer's Common Stock on September 15, 2025. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did David Eric Seip report on the Form 4 for INGR?

The Form 4 reports an allocation of 8.983 phantom stock units under the SERP to David Eric Seip on 09/15/2025.

How was the phantom stock allocation valued in the INGR Form 4?

The filing states the allocation was based on the closing share price on 09/15/2025, which was $123.67 per share.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 reports 9,091.4461 shares of common stock beneficially owned following the reported transaction, shown as direct ownership.

When was the Form 4 signed and by whom?

The signature block shows Michael N. Levy, attorney-in-fact, signed the Form on 09/16/2025.

Does the Form 4 describe the nature of the phantom stock units?

Yes. The Form states each phantom stock unit represents the right to receive one share of common stock and the units were allocated under the company’s SERP.