Barings Corporate Investors (MCI) Officer Reports 4,746.12 Beneficial Shares

Rhea-AI Filing Summary

Form 4 disclosure from an officer of Barings Corporate Investors (MCI) reports a notional plan credit linked to the company's common shares. On 09/18/2025 the reporting person was credited 33.5016 derivative share units at a price reference of $22.43, resulting in 4,746.1228 shares beneficially owned following the transaction. The units derive value from an employer-sponsored non-qualified deferred compensation plan and are exercisable only upon termination, retirement, or other plan-permitted events; they are not actual issued shares but are settled notionally.

Positive

• Clear regulatory compliance: Form 4 timely discloses the officer's plan-derived allocation, supporting transparency
• Economic alignment: Deferred compensation units tied to company share value align officer incentives with shareholder performance

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine insider report of deferred-compensation units tied to MCI shares; no transfer of actual shares or cash sale reported.

This Form 4 documents a plan-credit transaction under a non-qualified deferred compensation arrangement where the participant's account was allocated 33.5016 units valued at $22.43 each, producing a beneficial ownership tally of 4,746.1228 shares. The filing clarifies the units are not legal title to shares and are exercisable only upon termination, retirement, or similar events, indicating a compensation-recording event rather than an open-market trade. Disclosure and signature by attorney-in-fact confirm procedural compliance.

Corporate Governance Specialist

TL;DR: Non-material compensation-related change; no immediate voting or transfer implications for outstanding common shares.

The report explains that two employer plans provide notional investment options tied to MCI common share value; participants hold economic exposure but no direct ownership of issued shares. Because the units are not actual shares and are subject to plan settlement conditions, this transaction does not alter the company’s issued share count or signal a liquidity event. The filing meets Section 16 reporting requirements by recording the deemed allocation.

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

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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).

1. Name and Address of Reporting Person^*

Emery Christina

(Last) (First) (Middle)

C/O BARINGS LLC

300 SOUTH TRYON STREET, SUITE 2500

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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
Barings Non-Qualified Thrift Plan	(1)	09/18/2025		J(2)		33.5016		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	33.5016	$22.43	4,746.1228	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	09/19/2025
	** 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).
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FAQ

What did the Form 4 filed for MCI on 09/18/2025 report?

The filing reported a credit of 33.5016 notional share units at a reference price of $22.43, resulting in 4,746.1228 shares beneficially owned following the transaction.

Are the units reported on this Form 4 actual shares of MCI?

No. The units are notional and derive value from a non-qualified deferred compensation plan; they do not represent legal title to issued common shares.

When are the notional units exercisable or payable?

The filing states they are exercisable or payable only upon termination, retirement, or other plan-permitted events.

Who filed the Form 4 on behalf of the reporting person?

The form was signed by Stacy Standridge, as Attorney-in-fact on 09/19/2025.

Which plans are described as providing these notional units?

The filing references non-qualified deferral plans offered by Barings LLC (fka Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company.