Barings Corporate Investors Form 4: Deferred-Comp Plan Allocation Disclosed

Rhea-AI Filing Summary

Insider filing summary for Barings Corporate Investors (MCI). Christina Emery, listed as President and an officer of Barings LLC, reported a transaction dated 08/21/2025 tied to a Barings non-qualified thrift/deferral plan that tracks the market value of the issuer's common shares. The filing shows a notional allocation of 36.3893 shares at a price of $20.65, resulting in 4,593.347 shares reported as beneficially owned following the transaction. The plan interest is exercisable only upon termination, retirement, or other plan-permitted events and is explicitly described as not representing actual issued shares but a notional value linked to the common shares.

Positive

• Clear disclosure of the non-qualified plan allocation and that the interest is not actual issued common stock
• Transaction details provided: 36.3893 notional shares at $20.65 leading to 4,593.347 shares reported beneficially owned

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Form 4 disclosing a notional deferred-compensation allocation tied to MCI shares; no actual share issuance.

The filing documents an internal, non-qualified deferral plan allocation where the participant's account is credited with the equivalent value of 36.3893 MCI shares at $20.65 each, yielding a reported beneficial ownership of 4,593.347 shares. The instrument is explicitly not backed by actual issued common stock and is exercisable only on termination or similar plan events, limiting immediate voting or transfer rights. This is a disclosure of compensation plan accounting rather than an open-market purchase or sale of company stock.

Corporate Governance Expert

TL;DR: Form 4 clarifies the nature of indirect plan holdings; it is a governance disclosure, not a change in issued equity.

The report identifies Christina Emery as an officer and records the plan-based allocation under a transaction code J, accompanied by a signed filing dated 08/22/2025. The explanatory notes make clear the plan holdings are not actual shares but notional interests that track dividends and market value. From a governance perspective, the filing provides necessary transparency about executive exposure to equity-linked compensation without indicating any dilution or transfer of registered 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^*

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)
08/21/2025

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)	08/21/2025		J(2)		36.3893		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	36.3893	$20.65	4,593.347	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	08/22/2025
	** 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 the Form 4 filed for MCI disclose about Christina Emery's transaction?

The Form 4 discloses a non-qualified plan allocation of 36.3893 notional shares at $20.65, resulting in 4,593.347 shares reported as beneficially owned.

Does the reported allocation represent actual issued common shares of MCI?

No. The filing explains the allocation is notional and the plans and participants do not have an actual ownership interest in the common shares.

When was the transaction and when was the Form 4 signed?

The transaction date is 08/21/2025 and the Form 4 signature is dated 08/22/2025.

What events make the plan interest exercisable?

The filing states the interest is exercisable only upon termination, retirement, or other plan-permitted events.

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

The filing shows Stacy Standridge, as Attorney-in-fact, signed the Form 4.