Deferred comp plan tied to Barings Corporate Investors (NYSE: MCI) adjusted

Rhea-AI Filing Summary

Barings Corporate Investors President Christina Emery reported an internal adjustment in a non-qualified deferred compensation plan. The Form 4 shows an “other” derivative transaction involving 41.6541 plan units valued at $18.04 per unit, tied to the company’s common share value. Total plan-related units reported after the change are 6,660.8681. Footnotes clarify the plan is entirely notional, with no actual common shares owned, and values are exercisable only upon termination, retirement, or similar plan events.

Insights

Equity compensation analyst

Routine notional plan adjustment with no direct share trading.

The transaction reflects an internal change in a non-qualified compensation deferral plan referencing Barings Corporate Investors’ common share value. Code J indicates an “other” transaction, categorized here as restructuring, not a market buy or sell.

The filing states the plan is entirely notional and does not confer actual share ownership or voting rights. Value is tied to the share price and reinvested dividends, and becomes exercisable only upon termination, retirement, or similar events. This makes the event administrative rather than a trading signal.

Because no open-market purchases or sales occurred and the economic exposure remains within a deferred compensation framework, this update does not materially change the investment case for Barings Corporate Investors based on the provided information.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Emery Christina

Role President

Type	Security	Shares	Price	Value
Other	Barings Non-Qualified Thrift Plan	41.654	$18.04	$751.44

Holdings After Transaction: Barings Non-Qualified Thrift Plan — 6,660.868 shares (Direct, null)

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.

Key Figures

Plan units transacted: 41.6541 units Reference unit value: $18.04 per unit Plan units after transaction: 6,660.8681 units +1 more

4 metrics

Plan units transacted 41.6541 units Notional Barings Non-Qualified Thrift Plan transaction

Reference unit value <money>$18.04</money> per unit Value per plan unit tied to common shares

Plan units after transaction 6,660.8681 units Total notional units following transaction

Underlying security units 41.6541 units Units referencing Common Shares value

Key Terms

Barings Non-Qualified Thrift Plan, non-qualified compensation deferral plan, entirely notional, investment option, +1 more

5 terms

Barings Non-Qualified Thrift Plan financial

"security_title: "Barings Non-Qualified Thrift Plan""

non-qualified compensation deferral plan financial

"each offer a non-qualified compensation deferral plan where certain officers are permitted"

entirely notional financial

"The derivative has no actual securities underlying the plan agreement, which is entirely notional."

investment option financial

"Deferred compensation into a plan is allocated among one or more investment options"

reinvested dividends financial

"investment option that derives its value from the market value ... and includes the value of reinvested dividends"

Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.

Form 4 Insider Transactions: What Each Field Means →

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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
Barings Non-Qualified Thrift Plan	(1)	05/28/2026		J(2)		41.6541		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	41.6541	$18.04	6,660.8681	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	05/29/2026
	** 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)

FAQ

What did Barings Corporate Investors (MCI) President Christina Emery report in this Form 4?

Christina Emery reported an “other” derivative transaction in a non-qualified deferred compensation plan, involving 41.6541 plan units valued at $18.04 each. The plan references Barings Corporate Investors’ common share value but does not involve direct ownership of actual shares.

Were any Barings Corporate Investors (MCI) common shares bought or sold in this Form 4?

No direct purchases or sales of common shares were reported. The filing describes a notional plan transaction, where value tracks Barings Corporate Investors’ common shares, but neither the plan nor the participant holds actual shares or related voting or investment rights.

What is the size of Christina Emery’s Barings Non-Qualified Thrift Plan position after this transaction?

After the transaction, the reported position in the Barings Non-Qualified Thrift Plan is 6,660.8681 units tied to Barings Corporate Investors’ common share value. These units are not actual shares but represent notional value within the deferred compensation plan’s investment option.

What does transaction code J mean in the Christina Emery Form 4 for MCI?

Transaction code J indicates an “other” acquisition or disposition event. In this case, it reflects a restructuring-type movement of 41.6541 notional units within a non-qualified deferred compensation plan, rather than a standard open-market stock purchase or sale transaction.

Does Christina Emery have actual ownership of MCI shares through this non-qualified plan?

According to the filing, neither the plans nor participants have actual ownership of common shares. The reported units are entirely notional, deriving value from Barings Corporate Investors’ share price and reinvested dividends, without conferring direct ownership or voting power in those shares.

When can the Barings Non-Qualified Thrift Plan value tied to MCI be exercised or paid out?

The filing states the plan is exercisable only upon termination, retirement, or other plan-permitted events. Until then, the value remains as notional units in the deferred compensation plan, tracking Barings Corporate Investors’ common share market value and reinvested dividends.