Ingredion (NYSE: INGR) SVP awarded 33.7 phantom stock units in deferred plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

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

Ingredion Inc senior vice president and CIO Michael J. Leonard received a grant of 33.673 phantom stock units on May 29, 2026. The units were credited under the company's Non-Qualified Deferred Compensation Plan, using a reference price of $101.44 per share of common stock.

Following this award, Leonard has 1,649.130 phantom stock units credited to his account. Each phantom stock unit represents the right to receive one share of Ingredion common stock, aligning his compensation more closely with shareholder value over time.

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	33.673	$101.44	$3K

Holdings After Transaction: Phantom Stock — 1,649.13 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Phantom stock units granted: 33.673 units Reference share price: $101.44 per share Total phantom units after grant: 1,649.130 units +1 more

4 metrics

Phantom stock units granted 33.673 units Grant on May 29, 2026

Reference share price $101.44 per share Closing common stock price on May 29, 2026

Total phantom units after grant 1,649.130 units Phantom stock balance following transaction

Underlying common stock equivalence 1 unit = 1 share Each phantom unit represents one share of common stock

Key Terms

Phantom Stock, Non-Qualified Deferred Compensation Plan, phantom stock unit, Common Stock

4 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.

phantom stock unit financial

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

Common Stock financial

"based on the closing price of a share of the issuer's Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 01:47 PM

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)
05/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾	05/29/2026		A		33.673		⁽¹⁾	⁽¹⁾	Common Stock	33.673	$101.44	1,649.13	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 May 29, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	06/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Ingredion (INGR) report for Michael J. Leonard?

Ingredion reported that senior vice president and CIO Michael J. Leonard received 33.673 phantom stock units. These were granted on May 29, 2026 under the Non-Qualified Deferred Compensation Plan, referencing the closing common stock price of $101.44 per share.

How many phantom stock units does Michael J. Leonard hold at Ingredion (INGR)?

After the latest grant, Michael J. Leonard holds 1,649.130 phantom stock units. According to the filing, each phantom unit represents the right to receive one share of Ingredion common stock under the company’s Non-Qualified Deferred Compensation Plan.

What does each phantom stock unit represent for Ingredion (INGR) executives?

Each phantom stock unit represents the right to receive one share of Ingredion common stock. The units are credited under the Non-Qualified Deferred Compensation Plan, using the issuer’s common stock closing price as the basis for determining the number of phantom units allocated.

At what price were Ingredion (INGR) phantom stock units valued for this grant?

The 33.673 phantom stock units granted to Michael J. Leonard were based on a reference price of $101.44 per share. This reflects the closing price of Ingredion’s common stock on May 29, 2026, as stated in the Form 4 footnote.

Is the recent Ingredion (INGR) Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of phantom stock units, not a market purchase or sale. The acquisition is coded as a grant or award under the Non-Qualified Deferred Compensation Plan, aligning Leonard’s compensation with Ingredion’s common stock performance.