INGR Insider Disclosure: SVP David Seip Allocated Phantom Stock Units

Rhea-AI Filing Summary

Ingredion insider received a small award of phantom stock units as compensation. The Form 4 shows that David Eric Seip, SVP, Global Ops and CSCO, was allocated 8.576 phantom stock units on 08/29/2025 under the company SERP, calculated using the closing common share price of $129.54. Each phantom unit represents the right to receive one share of common stock. After this allocation, the reporting person beneficially owned 9,082.4631 shares (direct).

Insights

Securities Analyst

TL;DR: Insider compensation award recorded; small incremental economic exposure, not likely material to investors.

The filing documents a routine SERP allocation of 8.576 phantom stock units to an executive, valued at the reported closing price of $129.54. This increases direct beneficial ownership to 9,082.4631 shares. The size of the grant is very small relative to typical company float and does not indicate unusual trading activity or a change in control. It reflects compensation mechanics rather than a market-moving event.

Corporate Governance Expert

TL;DR: Routine disclosure of SERP-based phantom stock allocation; compliance with Section 16 filing requirements appears met.

The Form 4 provides required disclosure about an officer-level SERP award and includes an explanation that each phantom unit equates to one common share. The form is signed by attorney-in-fact and shows the transaction code as an allocation (A). No indication of amendments, unusual vesting terms, or derivative exercises is present. This is a standard insider compensation disclosure.

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

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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)
08/29/2025

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)	08/29/2025		A		8.576		(1)	(1)	Common Stock	8.576	$129.54	9,082.4631	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 August 29, 2025. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	09/02/2025
	** 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 transaction did ING R insider David Seip report on Form 4?

He reported an acquisition of 8.576 phantom stock units under the company's SERP on 08/29/2025.

How was the value of the phantom stock calculated in the Form 4 for INGR?

The units were allocated based on the closing price of $129.54 per share on August 29, 2025, per the filing.

How many shares does David Seip beneficially own after the reported transaction?

The Form 4 reports 9,082.4631 shares beneficially owned following the allocation.

Does each phantom stock unit equal a share according to the filing?

Yes. The filing states each phantom stock unit represents the right to receive one share of common stock.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Michael N. Levy, attorney-in-fact, dated 09/02/2025.