Ingredion (NYSE: INGR) SVP adds new phantom stock units

Rhea-AI Filing Summary

Ingredion Inc. executive Leonard Michael J, SVP, CIO & Head of Prot. Fort., reported an allocation of phantom stock under a company retirement plan. On January 15, 2026, he acquired 13.11 phantom stock units at a reference price of $116.74 per unit. According to the disclosure, these units were allocated under the SERP and each phantom stock unit represents the right to receive one share of Ingredion common stock in the future.

Following this transaction, his total phantom stock holdings increased to 585.718 units, all reported as directly owned. This is a non-cash, derivative equity interest tied to the company’s share price rather than an immediate purchase or sale of common stock in the market.

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

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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)
01/15/2026

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)	01/15/2026		A		13.11		(1)	(1)	Common Stock	13.11	$116.74	585.718	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 15, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	01/20/2026
	** 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.
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FAQ

What insider transaction did INGR report in this Form 4?

The Form 4 reports that Leonard Michael J, an Ingredion Inc. officer, received an allocation of 13.11 phantom stock units on January 15, 2026 under a company retirement plan.

Who is the reporting person in the Ingredion (INGR) Form 4 filing?

The reporting person is Leonard Michael J, an officer of Ingredion Inc. with the title SVP, CIO & Head of Prot. Fort., filing as a single reporting person.

How many phantom stock units does the INGR insider hold after this transaction?

After the January 15, 2026 allocation, the insider beneficially owns 585.718 phantom stock units, all reported as held with direct ownership.

What is phantom stock in the context of Ingredions Form 4?

The filing explains that each phantom stock unit represents the right to receive one share of Ingredion common stock. These units are allocated under the SERP and are tied to the value of the companys common shares.

What price was used for the phantom stock units in this INGR Form 4?

The phantom stock allocation was based on the closing price of Ingredion common stock on January 15, 2026, which the filing shows as $116.74 per unit.

Does this Ingredion (INGR) Form 4 involve actual common shares changing hands?

No, the reported transaction involves phantom stock units under the SERP. These represent a right to receive common shares in the future rather than an immediate market purchase or sale of common stock.