INGR insider report: 26.208 SERP phantom stock units added

Rhea-AI Filing Summary

Ingredion Inc. (INGR) Form 4: Michael J. Leonard, identified as SVP, CIO & Head of Prot. Fort., was allocated 26.208 phantom stock units under the company SERP on 08/15/2025. The filing states each phantom unit represents the right to receive one share of common stock and the allocation was valued using the closing share price of $125.93 on that date. After this allocation the reporting person is shown as beneficially owning 314.008 shares in a direct ownership form. The Form 4 was executed for filing by attorney-in-fact Michael N. Levy on 08/18/2025. The filing explains the phantom units are allocated under the SERP and are measured by the issuer's closing stock price on the transaction date.

Insights

Securities Analyst

TL;DR: Routine executive equity award reported: 26.208 phantom stock units allocated, valued at $125.93 each, increasing reported beneficial ownership to 314.008 shares.

The Form 4 documents a non-cash compensation allocation to a named executive under Ingredion's SERP. The disclosure specifies the number of phantom units, the per-share price used for valuation on the transaction date, and the resulting total beneficial ownership reported as direct. This is a standard Section 16 reporting of equity-linked compensation rather than an open-market trade or derivative exercise.

Compensation Specialist

TL;DR: Report shows a SERP phantom stock allocation of 26.208 units, with each unit convertible into one share per the filing.

The filing explicitly states the units are allocated under the company SERP and that each phantom stock unit represents the right to receive one share of common stock. The report includes the valuation basis (closing price on 08/15/2025) and the post-allocation beneficial ownership amount. No additional plan terms, vesting schedule, or payout timing are disclosed in this Form 4.

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

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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)
08/15/2025

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)	08/15/2025		A		26.208		(1)	(1)	Common Stock	26.208	$125.93	314.008	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 August 15, 2025. Each phantom stock unit represents the right to receive one share of common stock.

	Michael N. Levy, attorney-in-fact	08/18/2025
	** 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 transaction was reported for INGR on this Form 4?

The Form 4 reports allocation of 26.208 phantom stock units to Michael J. Leonard under the company's SERP on 08/15/2025.

How was the phantom stock allocation valued in the filing?

The allocation was based on the issuer's closing common share price of $125.93 on 08/15/2025.

How many shares does the reporting person beneficially own after the transaction?

The filing shows the reporting person beneficially owned 314.008 shares following the reported transaction, reported as direct ownership.

Who signed or executed the Form 4 for filing?

The Form 4 was executed for filing by Michael N. Levy, attorney-in-fact on 08/18/2025.

Does the Form 4 describe vesting or payout timing for the phantom units?

No. The Form 4 states the phantom units were allocated under the SERP and that each unit represents the right to receive one share, but it does not disclose any vesting or payout schedule.