Deferred pay tied to Barings Corporate (NYSE: MCI) share value

Rhea-AI Filing Summary

Barings Corporate Investors adviser board member Geoff Craddock reported an internal change in his non-qualified deferred compensation plan tied to the company’s shares. The Form 4 shows an "other" derivative transaction covering 743.0052 notional units at $19.3000 each, bringing his plan-related balance to 13142.8958 units.

According to the disclosure, this plan is entirely notional and holds no actual Barings Corporate Investors common shares. Its value tracks the market value of the common shares, including reinvested dividends, but neither the plan nor the participant has an actual ownership interest. Amounts are generally exercisable only upon termination, retirement, or another plan-permitted event, and can be reallocated among other investment options within the plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Craddock Geoff

Role Insider

Type	Security	Shares	Price	Value
Other	MassMutual Non-Qualified Thrift Plan	743.005	$19.30	$14K

Holdings After Transaction: MassMutual Non-Qualified Thrift Plan — 13,142.896 shares (Direct)

Footnotes (1)

1. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/24/2026 - 12:38 PM Learn about SEC filing dates

FAQ

What insider transaction did Geoff Craddock report for BARINGS CORPORATE INVESTORS (MCI)?

Geoff Craddock reported an "other" derivative transaction in a non-qualified deferred compensation plan tied to Barings Corporate Investors. It covered 743.0052 notional units at $19.3000 each, updating his plan-linked balance to 13142.8958 units rather than altering direct share ownership.

Does Geoff Craddock’s plan transaction in MCI involve actual Barings Corporate Investors shares?

The transaction does not involve actual Barings Corporate Investors shares. The plan is entirely notional, meaning its value simply tracks the market value of the common shares and reinvested dividends, but neither the plan nor the participant directly owns or controls any underlying common shares.

How large is Geoff Craddock’s notional plan position linked to MCI after this filing?

After the reported transaction, Craddock’s non-qualified plan balance tied to Barings Corporate Investors reflects 13142.8958 notional units. This figure represents value linked to the company’s common shares within the plan, rather than actual share ownership or voting power in Barings Corporate Investors.

When can Geoff Craddock access value from the MassMutual Non-Qualified Thrift Plan tied to MCI?

Value in the MassMutual Non-Qualified Thrift Plan is generally exercisable only upon termination, retirement, or another plan-permitted event. Until then, the participant may reallocate holdings among different investment options, including one that tracks Barings Corporate Investors’ common share value and reinvested dividends.

What is the nature of the MassMutual Non-Qualified Thrift Plan related to MCI’s shares?

The plan is a non-qualified compensation deferral arrangement where eligible officers defer pay into various investment options. One option’s value is based on Barings Corporate Investors’ common shares, including reinvested dividends, but remains entirely notional without conferring direct ownership or voting rights in those underlying shares.

Does Geoff Craddock’s Form 4 indicate buying or selling MCI stock in the market?

The Form 4 does not indicate open-market buying or selling of MCI stock. It records an internal “other” transaction within a notional deferred compensation plan, classified as a restructuring-type derivative movement rather than a traditional purchase or sale of Barings Corporate Investors common shares.

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
Estimated average burden
hours per response:			0.5

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^*

Craddock Geoff

(Last) (First) (Middle)

C/O BARINGS LLC

300 SOUTH TRYON STREET, SUITE 2500

(Street)

CHARLOTTE NORTH CAROLINA 28202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BARINGS CORPORATE INVESTORS [ MCI ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Adviser Board Member

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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

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

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

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
MassMutual Non-Qualified Thrift Plan	(1)	03/20/2026		J(2)		743.0052		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	743.0052	$19.3	13,142.8958	D

Explanation of Responses:

1. 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.

2. 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.

	Stacy Standridge, as Attorney-in-fact	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)