Ingredion (INGR) SVP awarded new phantom stock units under deferred plan

Rhea-AI Filing Summary

Leonard Michael J reported acquisition or exercise transactions in this Form 4 filing.

Ingredion Inc senior vice president Michael J. Leonard received a grant of 30.309 phantom stock units on April 15, 2026 under a Non-Qualified Deferred Compensation Plan. The grant used a reference price of $112.70 per share and brings his total phantom stock holdings to 1,540.661 units, each representing the right to receive one share of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leonard Michael J

Role SVP, CIO & Head of Prot. Fort.

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	30.309	$112.70	$3K

Holdings After Transaction: Phantom Stock — 1,540.661 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Phantom stock units granted: 30.309 units Reference price per share: $112.70 Total phantom stock after grant: 1,540.661 units +1 more

4 metrics

Phantom stock units granted 30.309 units Grant on April 15, 2026

Reference price per share $112.70 Closing price on April 15, 2026

Total phantom stock after grant 1,540.661 units Holdings following reported transaction

Underlying share ratio 1 unit : 1 share Each phantom unit equals one common share right

Key Terms

Phantom Stock, Non-Qualified Deferred Compensation Plan, underlying security

3 terms

Phantom Stock financial

"Represents the aggregate number of shares of phantom stock allocated"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Non-Qualified Deferred Compensation Plan financial

"allocated to the reporting person under the Non-Qualified Deferred Compensation Plan"

An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.

underlying security financial

"Each phantom stock unit represents the right to receive one share"

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^*

Leonard Michael J

(Last) (First) (Middle)

5 WESTBROOK CORPORATE CENTER

(Street)

WESTCHESTER ILLINOIS 60154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ingredion Inc [ INGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CIO & Head of Prot. Fort.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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
Phantom Stock	(1)	04/15/2026		A		30.309		(1)	(1)	Common Stock	30.309	$112.7	1,540.661	D

Explanation of Responses:

1. Represents the aggregate number of shares of phantom stock allocated to the reporting person under the Non-Qualified Deferred Compensation Plan as of the date hereof based on the closing price of a share of the issuer's Common Stock on April 15, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	04/16/2026
	** 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 INGR executive Michael J. Leonard report?

Michael J. Leonard reported receiving 30.309 phantom stock units as compensation. The units were granted under a Non-Qualified Deferred Compensation Plan and are tied to Ingredion Inc. common stock, reflecting routine, non-market compensation rather than an open-market purchase or sale.

How many phantom stock units does the INGR executive hold after this grant?

After the April 15, 2026 grant, Michael J. Leonard holds 1,540.661 phantom stock units. These units track Ingredion Inc.’s common stock and each unit represents the right to receive one share, giving him a deferred equity-linked compensation position in the company.

What is phantom stock in the context of Ingredion Inc. (INGR)?

Phantom stock is a deferred compensation instrument that mirrors common stock value. For Ingredion Inc., each phantom stock unit granted to Michael J. Leonard represents the right to receive one share of common stock in the future, aligning his compensation with shareholder value performance.

At what reference price were the INGR phantom stock units granted?

The 30.309 phantom stock units were allocated using a reference price of $112.70 per share. This price reflects the closing price of Ingredion Inc.’s common stock on April 15, 2026 and determines the initial value of Leonard’s newly granted deferred compensation units.

Is Michael J. Leonard’s INGR phantom stock grant a market purchase or sale?

The phantom stock grant is not a market purchase or sale of shares. It is a compensation-related award under a Non-Qualified Deferred Compensation Plan, giving Leonard additional phantom units tied to Ingredion Inc.’s stock value instead of directly trading common shares in the open market.