Barings Corporate (MCI) chair sells 9,662 notional plan units tied to shares
Rhea-AI Filing Summary
Barings Corporate Investors’ Chairman of the Fund, Noreen M. Clifford, reported an open-market sale on March 17, 2026 of 9,662.745 notional units in a Barings non-qualified thrift/deferral plan at $19.53 per unit. These plan interests are entirely notional and derive their value from the market value of the company’s common shares, with no actual shares held until a permitted plan event. After the transaction, she is shown with 309,207.8658 plan-linked units and 20,000 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NOREEN CLIFFORD M
Role
Chairman of Fund
Sold
9,662.745 shs ($189K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Barings Non-Qualified Thrift Plan | 9,662.745 | $19.53 | $189K |
| holding | Common Shares ("Shares of Beneficial Interest") | -- | -- | -- |
Holdings After Transaction:
Barings Non-Qualified Thrift Plan — 309,207.8658 shares (Direct);
Common Shares ("Shares of Beneficial Interest") — 20,000 shares (Direct)
Footnotes (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.
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FAQ
What insider transaction did MCI’s Noreen M. Clifford report?
Noreen M. Clifford reported selling 9,662.745 notional units on March 17, 2026, tied to Barings Corporate Investors’ common share value through a non-qualified plan, at a reported price of $19.53 per unit in an open-market transaction.
How many Barings Corporate Investors plan units does Noreen M. Clifford hold after the sale?
After the March 17, 2026 sale, Noreen M. Clifford is shown holding 309,207.8658 notional units in the Barings non-qualified compensation plan, each linked in value to Barings Corporate Investors’ common shares, according to the reported post-transaction balance.
What does the transaction code S indicate for the MCI Form 4 filing?
The transaction code S in the filing indicates a sale in an open-market or private transaction. Here, it refers to the sale of 9,662.745 notional units in the Barings non-qualified thrift or compensation deferral plan linked to Barings Corporate Investors’ common share value.