Ingredion (INGR) SVP receives phantom stock grant tied to common shares

Rhea-AI Filing Summary

Ingredion Inc executive Leonard Michael J reported an acquisition of phantom stock units tied to the company’s common shares. On February 13, 2026, he received 12.936 phantom stock units at a reference price of $118.31 per share under a supplemental executive retirement plan. Each unit represents the right to receive one share of Ingredion common stock, bringing his total phantom stock holdings to 615.697 units held directly.

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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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)
02/13/2026

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)	02/13/2026		A		12.936		(1)	(1)	Common Stock	12.936	$118.31	615.697	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 February 13, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	02/17/2026
	** 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 INGR executive Leonard Michael J report?

Leonard Michael J reported an acquisition of phantom stock units linked to Ingredion Inc common stock. The filing shows a grant of 12.936 units on February 13, 2026, increasing his directly held phantom stock balance to 615.697 units under a retirement-related plan.

How many phantom stock units did the INGR executive acquire in this Form 4?

The executive acquired 12.936 phantom stock units. These units were allocated based on the February 13, 2026 closing price of Ingredion common stock. Each phantom unit represents the right to receive one share of common stock under the company’s supplemental executive retirement plan.

What is the total phantom stock ownership reported for the INGR executive?

After this transaction, the executive beneficially owns 615.697 phantom stock units. According to the filing, each unit corresponds to one share of Ingredion common stock, reflecting accumulated allocations under the company’s supplemental executive retirement plan as of February 13, 2026.

At what price were the INGR phantom stock units referenced in this grant?

The 12.936 phantom stock units were allocated using a reference price of $118.31 per share. This price reflects the closing price of Ingredion common stock on February 13, 2026, which the company used to determine the number of units credited under the plan.

What does phantom stock mean in the INGR insider transaction?

In this context, phantom stock units track Ingredion’s common stock value but are awarded under a supplemental executive retirement plan. Each unit represents the right to receive one share of common stock at a later time, rather than immediate ownership or open-market share purchases.

Is the INGR insider transaction a buy or a grant of securities?

The transaction is a grant or award of phantom stock, not an open-market purchase. The Form 4 uses transaction code “A,” indicating an acquisition through a company plan, specifically allocations under a supplemental executive retirement plan tied to Ingredion’s stock price.