Barings Corporate Investors (MCI) president logs notional plan-linked Form 4 move

Rhea-AI Filing Summary

BARINGS CORPORATE INVESTORS President Christina Emery reported an "other" Form 4 transaction tied to a non-qualified compensation plan, not an open-market trade. The filing shows 506.2641 plan units in the Barings Non-Qualified Thrift Plan linked to the value of the company’s common shares, bringing her plan balance to the equivalent of 6,449.5969 shares.

According to the plan terms, these holdings are entirely notional, with no actual ownership of common shares and exercisable only upon termination, retirement, or another permitted event. The value tracks Barings Corporate Investors’ share performance and reinvested dividends but does not confer voting or direct investment rights in the underlying 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

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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 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)
03/19/2026

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)	03/19/2026		J(2)		506.2641		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	506.2641	$19.31	6,449.5969	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	03/20/2026
	** 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 President Christina Emery report on this Form 4?

Christina Emery reported an "other" transaction involving 506.2641 units in the Barings Non-Qualified Thrift Plan. These units track the value of Barings Corporate Investors’ common shares but are part of a compensation deferral plan rather than an open-market stock trade.

Does Christina Emery’s Form 4 for MCI reflect actual MCI share ownership changes?

The Form 4 reflects changes in notional holdings under a non-qualified compensation plan, not direct share ownership. The plan tracks Barings Corporate Investors’ common share value, but neither the plan nor participants hold actual shares or voting rights in the company.

How many plan units tied to MCI did Christina Emery hold after this transaction?

After the transaction, Christina Emery’s Barings Non-Qualified Thrift Plan balance equaled 6,449.5969 shares of Barings Corporate Investors. This figure represents the value of the plan’s investment option linked to the company’s common shares, rather than directly owned stock.

What does the Barings Non-Qualified Thrift Plan invest in for MCI-related value?

The plan includes an investment option whose value derives from Barings Corporate Investors’ common shares, including reinvested dividends. Participants allocate deferred compensation among investment options, but the Barings Corporate Investors option remains a notional tracking mechanism without direct share ownership.

When can Christina Emery access the MCI-linked value in the non-qualified plan?

The plan holdings are exercisable only upon termination, retirement, or another permitted event. Until one of these events occurs, the Barings Corporate Investors-linked value remains a notional account balance within the non-qualified compensation deferral plan.

Is Christina Emery’s Form 4 for MCI an open-market buy or sell signal?

No, the Form 4 reports an "other" transaction related to a non-qualified compensation plan. It does not represent an open-market purchase or sale of Barings Corporate Investors shares, but internal reallocation of deferred compensation tracked to the company’s share value.