Leonard Michael J 4

What Happened

• Michael J. Leonard, Ingredion SVP, CIO & Head of Prot. Fort., was granted 12.96 phantom stock units on January 30, 2026. The units are reported at a closing price of $118.09 per share, for an aggregate value of about $1,530. The transaction is reported as an award/acquisition of a derivative security (phantom stock).

Key Details

• Transaction date: 2026-01-30; Report filed: 2026-02-02 (timely filing).
• Award: 12.96 phantom stock units @ $118.09 = ~$1,530.
• Security type: Derivative (phantom stock units). Each unit represents the right to receive one share of common stock (see F1).
• Footnotes: F1 — aggregate number of phantom shares allocated under the SERP based on 1/30/2026 close; F2 — includes phantom shares acquired via dividend reinvestment.
• Shares owned after the transaction: not specified in the filing.

Context

• This was an awarded grant under Ingredion’s SERP, not an open-market purchase or sale. Phantom stock units are a form of deferred/phantom compensation that gives the right to receive shares (or cash equivalent) later; they do not represent immediate open-market buying pressure. The filing shows a routine compensation award rather than an insider buying/selling signal.