Ingredion (NYSE: INGR) SVP adds deferred phantom stock units
Rhea-AI Filing Summary
Ingredion Inc executive Michael J. Leonard, SVP, CIO & Head of Protein Fortification, reported an acquisition of 32.470 phantom stock units on August 14, 2026. These units were allocated under a Non-Qualified Deferred Compensation Plan, bringing his total phantom stock holdings to 1,833.948 units, each representing the right to receive one share of common stock.
Positive
- None.
Negative
- None.
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 F1 | 32.47 | $105.20 | $3K |
Holdings After Transaction:
Phantom Stock — 1,833.948 shares (Direct)
Footnotes (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 August 14, 2026. Each phantom stock unit represents the right to receive one share of common stock.
Key Figures
Phantom stock units granted: 32.470 units
Closing price used for allocation: $105.20 per share
Total phantom stock holdings after transaction: 1,833.948 units
+1 more
4 metrics
Phantom stock units granted
32.470 units
Grant of phantom stock on August 14, 2026
Closing price used for allocation
$105.20 per share
Closing price of Ingredion common stock on August 14, 2026
Total phantom stock holdings after transaction
1,833.948 units
Aggregate phantom stock units allocated to the reporting person as of the transaction date
Conversion ratio
1 unit = 1 share
Each phantom stock unit represents the right to receive one share of common stock
Key Terms
Phantom Stock, Non-Qualified Deferred Compensation Plan, phantom stock unit
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.
phantom stock unit financial
"Each phantom stock unit represents the right to receive one share"
FAQ
What insider transaction did INGR executive Michael J. Leonard report on August 14, 2026?
Michael J. Leonard reported an acquisition of 32.470 phantom stock units on August 14, 2026. The grant was under Ingredion’s Non-Qualified Deferred Compensation Plan and increases his deferred phantom stock-based exposure to the company’s common stock.
How many phantom stock units in INGR does Michael J. Leonard hold after this Form 4?
After this transaction, Michael J. Leonard holds 1,833.948 phantom stock units. Each unit represents the right to receive one share of Ingredion common stock, reflecting his cumulative allocations under the company’s Non-Qualified Deferred Compensation Plan.
What does each phantom stock unit reported by INGR’s Michael J. Leonard represent?
Each phantom stock unit represents the right to receive one share of Ingredion common stock. The units are allocated under a Non-Qualified Deferred Compensation Plan and are valued based on the issuer’s common stock closing price at the relevant allocation date.
How was the value of Michael J. Leonard’s new INGR phantom stock units determined?
The 32.470 phantom stock units were allocated based on the $105.20 closing price of Ingredion’s common stock on August 14, 2026. This price is used solely to determine the number of phantom units credited under the deferred compensation plan.
Is the INGR Form 4 transaction by Michael J. Leonard a purchase or a compensation award?
The transaction is a grant or award acquisition of phantom stock, coded “A” on Form 4. It reflects a compensation-related allocation under a Non-Qualified Deferred Compensation Plan rather than an open-market purchase of Ingredion common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
