Ingredion SVP granted phantom stock units
Ingredion Inc senior vice president and CIO Michael J. Leonard reported a compensation-related award of phantom stock units.
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Form Type
4
Rhea-AI Filing Summary
Ingredion Inc senior vice president and CIO Michael J. Leonard reported a compensation-related award of phantom stock units. On June 15, 2026, he acquired 33.65 phantom stock units at a reference price of $101.51 per unit under the Non-Qualified Deferred Compensation Plan.
After this grant, Leonard holds a total of 1,682.78 phantom stock units directly. According to the plan, each phantom stock unit represents the right to receive one share of Ingredion common stock, based on the closing share price used for allocation.
Insider Trade Summary
Grant/Award: 33.65 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 | 33.65 | $101.51 | $3K |
Holdings After Transaction:
Phantom Stock — 1,682.78 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 June 15, 2026. Each phantom stock unit represents the right to receive one share of common stock.
Key Figures
Phantom stock units granted: 33.65 units
Reference price per unit: $101.51 per unit
Total phantom units after grant: 1,682.78 units
+1 more
4 metrics
Phantom stock units granted
33.65 units
Grant on June 15, 2026
Reference price per unit
$101.51 per unit
Based on closing common stock price on June 15, 2026
Total phantom units after grant
1,682.78 units
Aggregate phantom stock allocated as of June 15, 2026
Underlying common stock
33.65 shares
Underlying shares tied to this phantom stock grant
Key Terms
Phantom Stock, Non-Qualified Deferred Compensation Plan, Common Stock
3 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.
Common Stock financial
"based on the closing price of a share of the issuer's Common Stock on June 15, 2026"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ingredion (INGR) executive Michael J. Leonard report on this Form 4?
Michael J. Leonard reported receiving 33.65 phantom stock units as a compensation award. These units were allocated under Ingredion’s Non-Qualified Deferred Compensation Plan, using a reference price of $101.51 per unit based on the company’s common stock closing price.
Is Michael J. Leonard’s Form 4 transaction in INGR an open-market trade?
No, the Form 4 shows a grant of phantom stock units, not an open-market trade. The award is classified as a grant or other acquisition under a deferred compensation plan, rather than a purchase or sale of Ingredion common shares in the market.
How many phantom stock units does Michael J. Leonard hold after this INGR award?
Following the reported grant, Michael J. Leonard holds 1,682.78 phantom stock units. This figure represents his aggregate phantom stock allocation under the Non-Qualified Deferred Compensation Plan as of June 15, 2026, according to the filing footnote.
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, using the closing price of the company’s common stock on the specified allocation date in the filing.
How was the value of Michael J. Leonard’s INGR phantom stock grant determined?
The phantom stock grant was valued using a reference price of $101.51 per unit. This price reflects the closing market price of Ingredion’s common stock on June 15, 2026, which the plan uses to determine how many phantom units are allocated.
AI-generated analysis. How Rhea-AI works. Not financial advice.
