Barings Corporate Investors (NYSE: MCI) president reports notional compensation units tied to shares

Rhea-AI Filing Summary

Barings Corporate Investors President Christina Emery reported an administrative change in her Barings Non-Qualified Thrift Plan position. The filing records 43.3107 notional units linked to the market value of Barings Corporate Investors’ common shares at $17.35 per unit, bringing her plan balance tied to this investment option to 6,938.0197 units. According to the plan terms, these holdings are entirely notional, are exercisable only upon termination, retirement, or another permitted event, and may be reallocated among other plan investment options. Neither the plan nor the participant has actual ownership of the common shares; the reported amount reflects deferred compensation value rather than a market purchase or sale of stock.

Insights

Executive compensation and governance analyst

Notional deferred-comp change, no open-market stock trade.

Christina Emery, President of Barings Corporate Investors, reported a Form 4 entry tied to a Barings Non-Qualified Thrift Plan. The transaction covers 43.3107 notional units valued at $17.35 each, linked to the market value of the common shares, and results in a total of 6,938.0197 such units.

Footnotes clarify this is a non-qualified compensation deferral plan. The position is entirely notional, with no actual common shares issued, voting rights, or direct ownership. Amounts are exercisable only upon termination, retirement, or another permitted event, and can be reallocated among plan investment options. For equity investors, this is routine executive compensation administration rather than a directional buy or sell signal.

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 F1, F2	43.3107	$17.35	$751.44

Holdings After Transaction: Barings Non-Qualified Thrift Plan — 6,938.0197 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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: 43.3107 units Reference value per unit: $17.35 Total notional units after transaction: 6,938.0197 units +1 more

4 metrics

Notional units transacted 43.3107 units Change in Barings Non-Qualified Thrift Plan position on 2026-07-09

Reference value per unit $17.35 Value per notional unit linked to common shares in the plan

Total notional units after transaction 6,938.0197 units Aggregate notional balance tied to Barings Corporate Investors investment option post-transaction

Restructuring shares metric 43.3107 Reported as restructuringShares in transaction summary for code J

Key Terms

non-qualified compensation deferral plan, notional, investment option, shares of beneficial interest

4 terms

non-qualified compensation deferral plan financial

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

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 option financial

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

shares of beneficial interest financial

"underlying_security_title: Common Shares ("Shares of Beneficial Interest")"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 12:46 PM Accepted by SEC EDGAR 07/10/2026 - 12:46 PM Learn about SEC filing dates

FAQ

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

Christina Emery reported a change in her Barings Non-Qualified Thrift Plan position involving 43.3107 notional units at $17.35 each, tied to Barings Corporate Investors’ common share value, rather than an open-market stock trade.

Does the MCI Form 4 for Christina Emery reflect actual common share ownership changes?

No. The filing explains the plan position is entirely notional. Neither the plan nor the participant has an actual ownership interest in Barings Corporate Investors’ common shares; the reported amount represents deferred compensation value only.

How many notional units tied to MCI’s common shares does Christina Emery hold after this transaction?

After the reported plan transaction, Christina Emery’s Barings Non-Qualified Thrift Plan balance tied to the Barings Corporate Investors investment option totals 6,938.0197 notional units, reflecting the value of deferred compensation linked to the company’s common share performance.

At what reference value were the new notional units in MCI’s plan recorded for Christina Emery?

The newly reported 43.3107 notional units in the Barings Non-Qualified Thrift Plan were recorded at a reference value of $17.35 per unit, mirroring Barings Corporate Investors’ common share market value for this investment option.

When can Christina Emery access the value of her MCI-related non-qualified plan holdings?

According to the disclosure, the non-qualified plan position is exercisable only upon termination, retirement, or another plan-permitted event. Until then, the holdings remain notional and can be reallocated among different investment options within the plan.

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)
07/09/2026

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)	07/09/2026		J(2)		43.3107		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	43.3107	$17.35	6,938.0197	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	07/10/2026
	** 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)