Ingredion (INGR) SVP Leonard receives phantom stock grant under deferred plan

Rhea-AI Filing Summary

Leonard Michael J reported acquisition or exercise transactions in this Form 4 filing.

Ingredion Inc senior vice president and chief information officer Michael J. Leonard received a grant of 30.569 phantom stock units on April 30, 2026. These units were credited under the company’s Non-Qualified Deferred Compensation Plan based on the closing price of Ingredion common stock on that date.

Each phantom stock unit represents the right to receive one share of common stock in the future, and the total phantom stock balance for Leonard after this grant is 1,582.171 units, including amounts accumulated through dividend reinvestment.

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	30.569	$111.74	$3K

Holdings After Transaction: Phantom Stock — 1,582.171 shares (Direct, null)

Footnotes (1)

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 April 30, 2026. Each phantom stock unit represents the right to receive one share of common stock. Includes shares of phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 30.569 units Phantom stock balance after grant: 1,582.171 units Reference price: $111.7400 per share +1 more

4 metrics

Phantom stock units granted 30.569 units Grant on April 30, 2026

Phantom stock balance after grant 1,582.171 units Aggregate phantom stock after April 30, 2026 grant

Reference price $111.7400 per share Closing price used to allocate phantom stock units on April 30, 2026

Underlying common stock 30.569 shares Each phantom unit corresponds to one share of common stock

Key Terms

Phantom Stock, Non-Qualified Deferred Compensation Plan, dividend reinvestment, phantom stock unit

4 terms

Phantom Stock financial

"Represents the aggregate number of shares of phantom stock allocated to the reporting person"

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 as of the date hereof"

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.

dividend reinvestment financial

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

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

phantom stock unit financial

"Each phantom stock unit represents the right to receive one share of common stock."

Form 4 Insider Transactions: What Each Field Means →

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)
04/30/2026

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)	04/30/2026		A		30.569		(1)	(1)	Common Stock	30.569	$111.74	1,582.171(2)	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 April 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	05/04/2026
	** 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)

FAQ

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

Ingredion reported that Michael J. Leonard received 30.569 phantom stock units on April 30, 2026. The units were granted under the Non-Qualified Deferred Compensation Plan and are tied to the issuer’s common stock closing price on that date.

What is the size of Michael J. Leonard’s phantom stock grant at Ingredion (INGR)?

Michael J. Leonard was credited with 30.569 phantom stock units on April 30, 2026. After this grant, his aggregate phantom stock balance under the plan is 1,582.171 units linked to Ingredion common stock, including prior accruals and dividend reinvestment.

What does each phantom stock unit represent for Ingredion (INGR) insiders?

Each phantom stock unit represents the right to receive one share of Ingredion common stock. The units are allocated under the Non-Qualified Deferred Compensation Plan and are initially valued using the issuer’s common stock closing price on the allocation date.

How was the phantom stock for Michael J. Leonard at Ingredion (INGR) valued?

The phantom stock units were allocated based on the closing price of Ingredion’s common stock on April 30, 2026. That closing price determined how many units Leonard received within the Non-Qualified Deferred Compensation Plan for that date.

Does Michael J. Leonard’s Ingredion (INGR) phantom stock include dividend reinvestment?

Yes. The filing notes that Leonard’s phantom stock total includes units acquired through dividend reinvestment. These additional units are credited when dividends on Ingredion common stock are effectively reinvested into phantom stock within the plan.