Ingredion (NYSE: INGR) SVP granted 718 phantom stock units

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 718.333 phantom stock units on March 6, 2026 under the company’s Non-Qualified Deferred Compensation Plan. Each phantom unit represents the right to receive one share of common stock, bringing his total phantom stock holdings to 1,347.972 units.

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
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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 IL 60154

(City) (State) (Zip)

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.

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	03/06/2026		A		718.333		(1)	(1)	Common Stock	718.333	$114.83	1,347.972	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 March 6, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	03/10/2026
	** 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.

FAQ

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

Ingredion reported that senior vice president Michael J. Leonard received 718.333 phantom stock units on March 6, 2026. The grant was made under the Non-Qualified Deferred Compensation Plan and is treated as a compensation-related award, not an open-market share purchase or sale.

What are the terms of the phantom stock granted at Ingredion (INGR)?

Each phantom stock unit granted to Michael J. Leonard represents the right to receive one share of Ingredion common stock. The number of units was based on the closing stock price on March 6, 2026, effectively tying the award’s value to the company’s share price.

How many phantom stock units does the Ingredion (INGR) executive hold after this Form 4?

After receiving 718.333 phantom stock units, Michael J. Leonard holds a total of 1,347.972 phantom stock units. These units are part of Ingredion’s Non-Qualified Deferred Compensation Plan and mirror the value of the company’s common stock on a one-for-one basis.

Was the Ingredion (INGR) Form 4 transaction a stock purchase or sale?

The Form 4 for Ingredion shows a grant, not a market trade. Michael J. Leonard acquired 718.333 phantom stock units as a compensation award, coded as a grant or other acquisition, rather than buying or selling shares on the open market.

How was the number of phantom stock units determined for the Ingredion (INGR) grant?

The 718.333 phantom stock units allocated to Michael J. Leonard were calculated using the closing price of Ingredion’s common stock on March 6, 2026. This price-based allocation method links the award’s size directly to the company’s market valuation on that date.