Barings Corporate Investors (MCI) president reports notional plan move, no share trade

Rhea-AI Filing Summary

Barings Corporate Investors President Christina Emery reported an administrative transaction in a non-qualified thrift plan linked to the company’s common shares. The filing records 42.5986 notional units at $17.64 per unit, bringing her plan balance to 6,575.8283 units. The plan is entirely notional, exercisable only upon events such as termination or retirement, and does not provide actual ownership or voting rights in Barings Corporate Investors common shares.

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	42.599	$17.64	$751.44

Holdings After Transaction: Barings Non-Qualified Thrift Plan — 6,575.828 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

Notional units transacted: 42.5986 units Reference price per unit: $17.64 per unit Notional units following transaction: 6,575.8283 units

3 metrics

Notional units transacted 42.5986 units Code J other transaction in Barings Non-Qualified Thrift Plan on 2026-04-30

Reference price per unit $17.64 per unit Price associated with the 42.5986 notional units

Notional units following transaction 6,575.8283 units Total notional balance in plan investment option after the transaction

Key Terms

non-qualified compensation deferral plan, notional, investment options, beneficially owned

4 terms

non-qualified compensation deferral plan financial

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

notional financial

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

Notional refers to the reference amount used to calculate payments or measure the size of a financial contract, without representing actual cash that changes hands. For investors it shows the scale of exposure — like the mileage used to compute a car rental bill even though you don’t buy the miles themselves — and helps compare risk and potential gains or losses across instruments.

investment options financial

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

beneficially owned financial

"The shares beneficially owned include the number of shares of Barings Corporate Investors represented"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

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)
04/30/2026

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)	04/30/2026		J(2)		42.5986		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	42.5986	$17.64	6,575.8283	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	05/01/2026
	** 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 insider transaction did MCI’s President Christina Emery report?

Christina Emery reported an administrative Form 4 transaction involving 42.5986 notional units in a Barings non-qualified thrift plan, valued at $17.64 per unit. This adjustment brought her notional plan balance tied to Barings Corporate Investors to 6,575.8283 units.

Does Christina Emery’s Form 4 show an open-market buy or sell of MCI shares?

The Form 4 does not show an open-market buy or sell. It reports a code J “other” transaction in a non-qualified thrift plan, reflecting 42.5986 notional units and a total notional balance of 6,575.8283 units, rather than direct share trading.

What is the size of Christina Emery’s notional plan position linked to MCI?

After the reported transaction, Christina Emery’s Barings non-qualified thrift plan shows 6,575.8283 notional units linked to Barings Corporate Investors’ common shares. These units track the market value and reinvested dividends but do not represent direct ownership of actual common shares.

How does the non-qualified thrift plan relate to Barings Corporate Investors’ common shares?

The non-qualified thrift plan includes an investment option whose value is derived from Barings Corporate Investors’ common shares, including reinvested dividends. However, the plan and participants hold only notional units, with no actual ownership interest, voting power, or direct share holdings.

When can Christina Emery access the notional units reported in the Form 4?

The notional units in the Barings non-qualified thrift plan are exercisable only upon termination, retirement, or other permitted plan events. Until such events occur, the holdings remain as notional compensation deferrals rather than directly exercisable or tradable Barings Corporate Investors common shares.

Can plan participants reallocate their MCI-linked notional holdings within the plan?

Yes. According to the disclosure, plan holdings may be “liquidated” and reallocated among other investment options within the non-qualified plan. This reallocation happens inside the plan framework and does not involve direct trading of Barings Corporate Investors common shares in the market.