Ingredion exec granted 33.015 phantom stock units
Ingredion Inc (INGR) reported that officer Michael J. Leonard, SVP, CIO & Head of Prot.
Rhea-AI Filing Summary
Ingredion Inc (INGR) reported that officer Michael J. Leonard, SVP, CIO & Head of Prot. Fort., acquired 33.015 units of Phantom Stock on August 31, 2026 as a grant under a Non-Qualified Deferred Compensation Plan. Following this award, he holds 1,866.963 phantom stock units, each representing the right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 33.015 shares
Grant/Award
1 txn
Insider
Leonard Michael J
Role
SVP, CIO & Head of Prot. Fort.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 33.015 | $103.46 | $3K |
Holdings After Transaction:
Phantom Stock — 1,866.963 contracts (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 31, 2026. Each phantom stock unit represents the right to receive one share of common stock.
Key Figures
Phantom Stock units acquired: 33.015 units
Closing price of common stock: $103.46 per share
Total Phantom Stock units after transaction: 1,866.963 units
+1 more
4 metrics
Phantom Stock units acquired
33.015 units
Grant on August 31, 2026 under Non-Qualified Deferred Compensation Plan
Closing price of common stock
$103.46 per share
Price used to allocate phantom stock units on August 31, 2026
Total Phantom Stock units after transaction
1,866.963 units
Beneficial ownership following the August 31, 2026 grant
Underlying security shares per unit
1 share of common stock per unit
Each phantom stock unit represents the right to receive one share
Key Terms
Phantom Stock, Non-Qualified Deferred Compensation Plan, Grant, award, or other acquisition, underlying security
4 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.
Grant, award, or other acquisition financial
"transaction_code_description":"Grant, award, or other acquisition"
underlying security financial
"underlying_security_title":"Common Stock","underlying_security_shares"
FAQ
What transaction did INGR executive Michael J. Leonard report on this Form 4?
He reported an acquisition of 33.015 Phantom Stock units on August 31, 2026, recorded as a grant or award under a Non-Qualified Deferred Compensation Plan, tied to Ingredion Inc’s common stock.
How many Phantom Stock units does Michael J. Leonard hold in INGR after this transaction?
After the reported grant, Michael J. Leonard beneficially holds 1,866.963 units of Phantom Stock, as disclosed as the total phantom stock position following the August 31, 2026 transaction.
What does each Phantom Stock unit represent for INGR’s Michael J. Leonard?
Each Phantom Stock unit represents the right to receive one share of Ingredion Inc common stock, according to the footnote describing the Non-Qualified Deferred Compensation Plan award.
How was the number of Phantom Stock units for INGR’s grant calculated?
The aggregate number of 33.015 Phantom Stock units allocated was based on the closing price of $103.46 per share of Ingredion’s common stock on August 31, 2026, as stated in the plan-related footnote.
Is the INGR Form 4 transaction a market purchase or a compensation award?
The filing identifies the transaction code as A, a grant or award acquisition. The footnote explains it is an allocation under a Non-Qualified Deferred Compensation Plan, indicating a compensation-related award rather than an open-market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
