Ingredion Inc (NYSE: INGR) awards 34.444 phantom stock units to SVP

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

Ingredion reported a grant of 34.444 phantom stock units to SVP, CIO & Head of Protein Fortification Michael J. Leonard on July 15, 2026 . The award is part of a Non-Qualified Deferred Compensation Plan and is not an open-market share purchase.

Q: How many phantom stock units were granted to the Ingredion (INGR) executive?

Michael J. Leonard received 34.444 phantom stock units . These units were allocated under Ingredion’s Non-Qualified Deferred Compensation Plan and were valued using a $99.17 reference price, equal to the closing price of Ingredion common stock on July 15, 2026.

Q: Was the Ingredion (INGR) phantom stock award an open-market stock purchase?

No, the transaction was a grant of phantom stock units , coded as an acquisition (A) for compensation, not an open-market purchase. The units were allocated under a Non-Qualified Deferred Compensation Plan and do not reflect Leonard buying shares in the market.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

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

Ingredion Inc reported that SVP, CIO & Head of Protein Fortification Michael J. Leonard received a grant of 34.444 phantom stock units on July 15, 2026 under a Non-Qualified Deferred Compensation Plan, based on a $99.17 closing share price. Each unit represents the right to receive one share of common stock, bringing his phantom stock balance to 1,753.290 units. This is a compensation award, not an open-market purchase.

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	34.444	$99.17	$3K

Holdings After Transaction: Phantom Stock — 1,753.29 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Phantom stock units granted: 34.444 units Reference price per unit: $99.1700 Total phantom stock units after grant: 1,753.290 units +1 more

4 metrics

Phantom stock units granted 34.444 units Grant to Michael J. Leonard on July 15, 2026

Reference price per unit $99.1700 Based on closing price of common stock on July 15, 2026

Total phantom stock units after grant 1,753.290 units Aggregate phantom stock balance following the award

Underlying common shares per unit 1 share Each phantom stock unit represents the right to receive one share

Key Terms

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

3 terms

Phantom Stock financial

"Security title "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 under the Non-Qualified Deferred Compensation Plan as of the date"

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 of common stock"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 10:49 AM Accepted by SEC EDGAR 07/16/2026 - 10:48 AM

FAQ

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

Ingredion reported a grant of 34.444 phantom stock units to SVP, CIO & Head of Protein Fortification Michael J. Leonard on July 15, 2026. The award is part of a Non-Qualified Deferred Compensation Plan and is not an open-market share purchase.

How many phantom stock units were granted to the Ingredion (INGR) executive?

Michael J. Leonard received 34.444 phantom stock units. These units were allocated under Ingredion’s Non-Qualified Deferred Compensation Plan and were valued using a $99.17 reference price, equal to the closing price of Ingredion common stock on July 15, 2026.

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

Each Ingredion phantom stock unit represents the right to receive one share of common stock. The units are bookkeeping entries under a Non-Qualified Deferred Compensation Plan, giving the holder share-based value without immediate issuance of common shares.

What is Michael J. Leonard’s total phantom stock balance at Ingredion (INGR)?

After the latest grant, Michael J. Leonard holds an aggregate of 1,753.290 phantom stock units. This figure represents his total phantom stock allocation under Ingredion’s Non-Qualified Deferred Compensation Plan as of July 15, 2026, each tied to one underlying common share.

Was the Ingredion (INGR) phantom stock award an open-market stock purchase?

No, the transaction was a grant of phantom stock units, coded as an acquisition (A) for compensation, not an open-market purchase. The units were allocated under a Non-Qualified Deferred Compensation Plan and do not reflect Leonard buying shares in the market.

What reference price was used for the Ingredion (INGR) phantom stock grant?

The phantom stock grant to Michael J. Leonard used a reference price of $99.17 per unit, which corresponds to the closing price of Ingredion’s common stock on July 15, 2026. This price determines the number of phantom units allocated under the plan.

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)
07/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾	07/15/2026		A		34.444		⁽¹⁾	⁽¹⁾	Common Stock	34.444	$99.17	1,753.29	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 July 15, 2026. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	07/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR