Ingredion (INGR) SVP adds phantom stock, total reaches 602.761 units

Rhea-AI Filing Summary

Ingredion Inc. senior executive Leonard Michael J, SVP, CIO & Head of Protein Fortification, reported an automatic credit of phantom stock units tied to company shares. On January 30, 2026, he acquired 12.96 phantom stock units at a reference price of $118.09 per share equivalent.

Following this transaction, he beneficially owns 602.761 phantom stock units under Ingredion’s supplemental executive retirement plan. Each phantom unit represents the right to receive one share of Ingredion common stock and the total includes units accumulated through dividend reinvestment.

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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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)
01/30/2026

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)	01/30/2026		A		12.96		(1)	(1)	Common Stock	12.96	$118.09	602.761(2)	D

Explanation of Responses:

1. Represents the aggregate number of shares of phantom stock allocated to the reporting person under the SERP as of the date hereof based on the closing price of a share of the issuer's Common Stock on January 30, 2026. Each phantom stock unit represents the right to receive one share of common stock.

2. Includes shares of phantom stock acquired through dividend reinvestment.

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

FAQ

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

Leonard Michael J reported an acquisition of 12.96 phantom stock units on January 30, 2026. These units are credited under a supplemental executive retirement plan and track Ingredion’s common stock value one-for-one, rather than being immediate tradable shares.

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

After the reported transaction, the executive beneficially owns 602.761 phantom stock units. This total reflects units allocated under the supplemental executive retirement plan, including additional units accumulated over time through dividend reinvestment on Ingredion common stock.

What is phantom stock in the context of Ingredion (INGR) executive compensation?

Phantom stock at Ingredion represents units that mirror one share of common stock each. The units are allocated under a supplemental executive retirement plan and give the right to receive shares later, aligning executive incentives with shareholder value without an immediate stock issuance.

At what reference price were the new Ingredion (INGR) phantom stock units credited?

The 12.96 phantom stock units were credited using a reference price of $118.09 per share of Ingredion common stock. That price determined how many units the executive received as part of the supplemental executive retirement plan allocation on that date.

Does the Ingredion (INGR) Form 4 reflect direct or indirect ownership of the phantom stock?

The Form 4 shows the phantom stock units as held with direct beneficial ownership. There is no indication of indirect holding through another entity, and no footnote disclaiming voting or investment authority over these compensation-related units.

Are dividend reinvestments included in the Ingredion (INGR) phantom stock total?

Yes. The 602.761 phantom stock units include amounts acquired through dividend reinvestment. When Ingredion pays dividends, equivalent value can be converted into additional phantom units, which increases the executive’s total credited balance over time.