Ingredion exec granted 28.467 phantom units

An Ingredion senior officer received a small phantom stock award under a deferred compensation plan, modestly increasing his phantom stock holdings.

Rhea-AI Filing Summary

Ingredion Inc (symbol: INGR) is the issuer of record for a Form 4 filing submitted to the SEC. Leonard Michael J reported acquisition or exercise transactions in this Form 4 filing.

Ingredion Inc (INGR) reported that officer Michael J. Leonard, SVP, CIO & Head of Protein Fortification, received a grant of 28.467 phantom stock units on September 15, 2026. This increased his holdings to 1,895.430 phantom stock units, each representing the right to receive one share of common stock under a Non-Qualified Deferred Compensation Plan.

Insider Trade Summary

Grant/Award: 28.467 shares

Grant/Award 1 txn

Insider Leonard Michael J

Role SVP, CIO & Head of Prot. Fort.

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1	28.467	$99.07	$3K

Holdings After Transaction: Phantom Stock — 1,895.43 contracts (Direct)

Footnotes (1)

1. F1. 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 September 15, 2026. Each phantom stock unit represents the right to receive one share of common stock.

Key Figures

Phantom stock units granted: 28.467 units Price basis for phantom stock allocation: $99.07 per share Total phantom stock units after transaction: 1,895.430 units +1 more

4 metrics

Phantom stock units granted 28.467 units Grant to Michael J. Leonard on September 15, 2026

Price basis for phantom stock allocation $99.07 per share Based on closing price of Ingredion common stock on September 15, 2026

Total phantom stock units after transaction 1,895.430 units Leonard’s aggregate phantom stock holdings following the grant

Transaction date September 15, 2026 Date of phantom stock award

Key Terms

Phantom Stock, Non-Qualified Deferred Compensation Plan, closing price

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.

closing price financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Ingredion reported that Michael J. Leonard received a grant of 28.467 phantom stock units on September 15, 2026, as a compensation-related award that increased his phantom stock holdings.

How many phantom stock units in INGR does Michael J. Leonard hold after this transaction?

After the reported transaction, Michael J. Leonard holds 1,895.430 phantom stock units of Ingredion, according to the filing’s post-transaction balance figure.

What does each phantom stock unit of INGR represent in this Form 4?

Each phantom stock unit represents the right to receive one share of Ingredion common stock, as described in the footnote to the transaction.

Under what plan were the INGR phantom stock units allocated?

The phantom stock units were allocated under a Non-Qualified Deferred Compensation Plan, with the aggregate units based on the closing price of Ingredion common stock on September 15, 2026.

Was the INGR insider transaction made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transaction was made under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 12:39 PM Accepted by SEC EDGAR 09/16/2026 - 12:39 PM Learn about SEC filing dates

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)
09/15/2026

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)	09/15/2026		A		28.467		(1)	(1)	Common Stock	28.467	$99.07	1,895.43	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 September 15, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	09/16/2026
	** 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)