Barings Corporate Investors officer logs notional plan transaction

Rhea-AI Filing Summary

Barings Corporate Investors (MCI) filed a Form 4 reporting its President’s activity in a non-qualified deferred compensation plan that tracks the value of the company’s common shares.

On 10/16/2025, a transaction coded J recorded 37.5532 plan units tied to Barings Corporate Investors’ common shares at a reference price of $20.01. Following the transaction, the reporting person directly beneficially owned 4,820.3674 derivative plan units.

The plan is entirely notional and confers no actual ownership of common shares; it becomes exercisable only upon termination, retirement, or another plan-permitted event, and holdings may be reallocated among plan investment options.

Insights

Securities law analyst

Routine Form 4 for a notional plan; neutral impact.

The filing records a Rule 16 report for an officer’s non-qualified deferred compensation plan tied to Barings Corporate Investors (MCI). The transaction is coded J (other), reflecting plan accounting rather than an open-market trade.

The plan is notional: it tracks the value of common shares, includes reinvested dividends in its measure, and has no actual shares issued. It is exercisable only upon termination, retirement, or another plan-permitted event.

The excerpt shows 37.5532 plan units at $20.01, with 4,820.3674 derivative units held directly after the event. Because no shares are issued and timing of any distribution depends on plan events, this is administratively neutral for shareholders.

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).

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)
10/16/2025

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)	10/16/2025		J(2)		37.5532		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	37.5532	$20.01	4,820.3674	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	10/17/2025
	** 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.
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FAQ

What did Barings Corporate Investors (MCI) report on Form 4?

An officer (President) reported a transaction in a non-qualified deferred compensation plan that tracks MCI’s common share value.

What was the transaction date and code on the MCI Form 4?

The transaction occurred on 10/16/2025 and was coded J (other).

How many plan units were recorded in the transaction for MCI?

The filing shows 37.5532 plan units tied to the value of MCI’s common shares.

What was the reference price for the recorded plan units?

The plan units were recorded at a reference price of $20.01.

How many derivative plan units were beneficially owned after the transaction?

4,820.3674 derivative plan units were directly beneficially owned after the transaction.

Does this plan represent actual ownership of MCI common shares?

No. The plan is entirely notional and confers no actual ownership of common shares.

When can the plan become exercisable for the reporting person?

Only upon termination, retirement, or another plan-permitted event.