Barings Corporate Investors chair adds 6.2K thrift plan units
BARINGS CORPORATE INVESTORS (MCI) reported that director and Chairman of the Fund Noreen M. Clifford entered into an other acquisition transaction involving the Barings Non-Qualified Thrift Plan on 2026-08-28.
Rhea-AI Filing Summary
BARINGS CORPORATE INVESTORS (MCI) reported that director and Chairman of the Fund Noreen M. Clifford entered into an other acquisition transaction involving the Barings Non-Qualified Thrift Plan on 2026-08-28. The filing records 6,204.3956 notional units linked to the value of the common shares at a reference value of $19.74 per unit, bringing total plan-related notional exposure to 312,391.3118 equivalent shares. These plan interests are entirely notional and confer no actual ownership of MCI common shares, but are treated as beneficially owned based on their value. Separately, Clifford is reported as holding 20,000 MCI common shares directly as of the same date.
Positive
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Insider Trade Summary
Other: 6,204.3956 shares
Other
2 txns
Insider
NOREEN CLIFFORD M
Role
Chairman of Fund
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Barings Non-Qualified Thrift Plan F1, F2 | 6,204.3956 | $19.74 | $122K |
| holding | Common Shares ("Shares of Beneficial Interest") | -- | -- | -- |
Holdings After Transaction:
Barings Non-Qualified Thrift Plan — 312,391.3118 contracts (Direct);
Common Shares ("Shares of Beneficial Interest") — 20,000 shares (Direct)
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.
Key Figures
Notional plan units acquired: 6,204.3956 units
Reference value per plan unit: $19.74 per unit
Total notional equivalent shares after transaction: 312,391.3118 shares
+2 more
5 metrics
Notional plan units acquired
6,204.3956 units
Barings Non-Qualified Thrift Plan transaction on 2026-08-28
Reference value per plan unit
$19.74 per unit
Price field for the 6,204.3956-unit plan transaction
Total notional equivalent shares after transaction
312,391.3118 shares
Plan-related exposure to BARINGS CORPORATE INVESTORS common shares
Directly held common shares
20,000.0000 shares
Direct ownership of Common Shares ("Shares of Beneficial Interest") as of 2026-08-28
Restructuring-related derivative units
6,204.3956 units
Counted in restructuringShares within transaction summary
Key Terms
non-qualified compensation deferral plan, notional, beneficially owned, Shares of Beneficial Interest, +1 more
5 terms
non-qualified compensation deferral plan financial
"each offer a non-qualified compensation deferral plan where certain officers are permitted"
notional financial
"The derivative has no actual securities underlying the plan agreement, which is entirely notional."
Notional refers to the reference amount used to calculate payments or measure the size of a financial contract, without representing actual cash that changes hands. For investors it shows the scale of exposure — like the mileage used to compute a car rental bill even though you don’t buy the miles themselves — and helps compare risk and potential gains or losses across instruments.
beneficially owned financial
"The shares beneficially owned include the number of shares of Barings Corporate Investors"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
non-qualified thrift plan financial
"Barings Non-Qualified Thrift Plan"
FAQ
What transaction did Noreen M. Clifford report in this Form 4 for MCI?
Noreen M. Clifford reported an other acquisition (code J) on 2026-08-28 involving 6,204.3956 notional units in the Barings Non-Qualified Thrift Plan, whose value is tied to BARINGS CORPORATE INVESTORS (MCI) common shares but does not involve actual share ownership.
How many MCI-linked plan units did Noreen M. Clifford acquire?
The filing shows an acquisition of 6,204.3956 notional units in the Barings Non-Qualified Thrift Plan on 2026-08-28, each unit deriving its value from the market value of BARINGS CORPORATE INVESTORS' common shares, including reinvested dividends.
Is this MCI Form 4 transaction under a Rule 10b5-1 trading plan?
The document-level indicator for Rule 10b5-1 is false, meaning the filing affirmatively does not classify the reported transaction as effected pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
