Ingredion insider received phantom stock units tied to common shares. Leonard Michael J., listed as SVP, CIO & Head of Prot. Fort., was allocated 26.686 phantom stock units under the company's SERP on 09/15/2025. Each unit represents the right to receive one share of Ingredion common stock and the allocation value is shown using the closing share price that day at $123.67, resulting in an indicated underlying economic amount equivalent to 26.686 shares and a reported beneficial ownership total of 366.171 shares following the transaction. The Form 4 was signed by an attorney-in-fact on 09/16/2025. The filing documents a grant/allocation of non-cash, deferred compensation linked to company stock rather than an open-market purchase or sale.
Reporting person: David Eric Seip, SVP, Global Ops and CSCO at Ingredion Inc (INGR), reported a grant of phantom stock units under the company’s SERP on 09/15/2025. The Form 4 shows 8.983 phantom stock units were allocated to the reporting person, where each phantom unit represents the right to receive one share of common stock. The allocation was valued using the closing price on September 15, 2025 of $123.67 per share. Following the allocation, the Form reports 9,091.4461 shares of common stock beneficially owned by the reporting person in a direct (D) ownership form. The filing was signed by attorney-in-fact Michael N. Levy on 09/16/2025.
Ingredion insider allocation of phantom stock to SVP, CIO & Head of Prot. Fort. The Form 4 shows Michael J. Leonard received an allocation of phantom stock units under the company's SERP, with each unit representing the right to receive one share of Ingredion common stock. The allocation is recorded with a transaction date of 08/29/2025 and a reference price of $129.54 per share. Following the reported transaction the filing shows 339.485 shares beneficially owned directly by the reporting person. The filing was signed by an attorney-in-fact on 09/02/2025.
Ingredion insider received a small award of phantom stock units as compensation. The Form 4 shows that David Eric Seip, SVP, Global Ops and CSCO, was allocated 8.576 phantom stock units on 08/29/2025 under the company SERP, calculated using the closing common share price of $129.54. Each phantom unit represents the right to receive one share of common stock. After this allocation, the reporting person beneficially owned 9,082.4631 shares (direct).
Ingredion Incorporated entered into a new five-year unsecured revolving credit facility providing up to $1.0 billion of borrowing capacity at any time. Within this, up to $25 million is available as swingline loans and up to $50 million as letters of credit, with loans advanced in U.S. dollars. The facility matures on August 27, 2030, and was undrawn as of its effective date.
Interest on borrowings is based on either term SOFR or a base rate plus a margin tied to Ingredion’s debt ratings or leverage ratio; at inception the margin was 1.00% for SOFR loans and 0.00% for base rate loans, with a 0.09% unused commitment fee. The agreement allows up to $750 million of incremental revolving or term commitments and permits up to $500 million of loans to certain subsidiaries. Ingredion must maintain a maximum leverage ratio of 3.5 to 1.0 and a minimum EBITDA-to-interest coverage ratio of 3.5 to 1.0.
This new Credit Agreement replaces and terminates a prior revolving credit agreement that would have matured on June 30, 2026, extending the company’s committed liquidity profile by more than four years.
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.
Ingredion insider David Eric Seip, SVP, Global Ops and CSCO, was allocated 8.822 phantom stock units under the company’s SERP on 08/15/2025. The filing shows a reported price of $125.93 per share used to value the award and lists 9,073.8871 shares as the amount beneficially owned by the reporting person following the transaction. The filing is a Form 4 disclosing a non-cash, phantom stock allocation that represents the right to receive one share of common stock per unit.
James P. Zallie, President and CEO and a director of Ingredion Inc. (INGR), reported transactions on 08/12/2025 showing the exercise of employee stock options and a contemporaneous sale of common stock. The filing discloses option exercises of 96,316 and 128,522 shares with exercise prices of $91.85 and $88.35, respectively, and a sale of 36,287 shares at a weighted average price of $126.523 (prices ranged $126.50–$126.60).
The Form 4 notes that 11,677.519 and 17,183.160 shares were withheld to pay applicable taxes from two reported transactions, with the remainder of withheld share amounts used to cover exercise prices (81,634 and 106,917 reported in those line items). The statement was signed by attorney-in-fact Michael N. Levy on 08/14/2025.
Ingredion's Form 144 notifies a proposed sale of 36,287 shares of common stock on the NYSE with an aggregate market value of $4,591,152.89. The filing lists 64,180,890 shares outstanding, and the sale is scheduled approximately for 08/12/2025 through Fidelity Brokerage Services LLC.
The securities were acquired the same day by stock option exercise from the issuer, with payment in cash. The filer reports no securities sold in the past three months and includes the standard representation that no material nonpublic information is known to the selling person.
Ingredion reported mixed results for the quarter and year-to-date periods. Net sales were $1,833 million in Q2 2025 (down 2% year-over-year) and $3,646 million year-to-date (down 3%). Gross profit rose to $477 million in Q2 and $943 million year-to-date as raw material and input costs fell faster than sales, lifting gross margin to 26% year-to-date from 23% a year earlier. Operating income increased to $271 million in Q2 and $547 million year-to-date, a 21% year-over-year rise. Net income attributable to Ingredion was $196 million in Q2 and $393 million year-to-date; diluted EPS were $2.99 and $5.99, respectively.
Liquidity remained substantial with $861 million of cash and $3.7 billion of total available liquidity, while total debt stood at $1.8 billion with most maturities beyond 2026. Cash provided by operating activities declined to $262 million year-to-date from $521 million due to a $250 million working capital increase driven by higher accounts receivable. The company invested $19 million for a 49% stake in the Agrana joint venture, repurchased 409 thousand shares for $55 million year-to-date, and increased its quarterly dividend to $0.80 per share.