Christina Emery, President of Barings Corporate Investors, filed a Form 4 on August 21, 2026, reporting a derivative securities transaction dated August 20, 2026, involving the company's non-qualified thrift plan.

Key Highlights

  • Reporting person: Christina Emery, President of Barings Corporate Investors (NYSE:MCI)
  • Transaction date: August 20, 2026, under transaction code J
  • Derivative security: Barings Non-Qualified Thrift Plan units tied notionally to Common Shares ("Shares of Beneficial Interest")
  • Units acquired: 41.2652 notional units at a price of $18.21 per share
  • Resulting beneficial ownership: 7,069.5213 derivative units following the transaction, held directly
  • Nature of holding: The filing states the plan holdings are entirely notional; neither the plan nor the participant holds an actual ownership interest in the common shares

Notional Plan Units Drive Christina Emery's Reported Ownership Change at Barings Corporate Investors

According to the filing, Christina Emery, serving as President and officer of Barings Corporate Investors, reported a change in beneficial ownership of a derivative security through the Barings Non-Qualified Thrift Plan. The transaction, coded "J" and dated August 20, 2026, involved the acquisition of 41.2652 notional units at a price of $18.21, bringing her total reported derivative holdings to 7,069.5213 units, held directly.

The filing explains that Barings LLC (formerly known as Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company each offer a non-qualified compensation deferral plan. Certain officers are permitted to defer a portion of their compensation into these plans, allocating deferred amounts among one or more investment options. One such option derives its value from the market value of Barings Corporate Investors' common shares, including the value of reinvested dividends. The filing notes, however, that "pursuant to the terms of the plans, neither the plans nor the participants have an actual ownership interest in the common shares."

The filing further discloses that the derivative is "exercisable only upon termination, retirement, or other plan permitted event," and that plan holdings may be "liquidated" and reallocated into other plan investment options by the plan participant. The filing states that "the derivative has no actual securities underlying the plan agreement, which is entirely notional." The Form 4 was signed on August 21, 2026, by Stacy Standridge as Attorney-in-fact for the reporting person.

What Was Disclosed

Christina Emery, President of NYSE:MCI, reported the acquisition of 41.2652 notional units in a non-qualified thrift plan on August 20, 2026, at $18.21, resulting in total plan-based derivative holdings of 7,069.5213 units, with no actual share ownership involved.