Leonard Michael J 4

What Happened

• Michael J. Leonard, SVP, Chief Investment Officer & Head of Prot. Fort. at Ingredion, was granted 12.936 phantom stock units on 2026-02-13. The award is reported as a derivative grant (transaction code A) priced at $118.31 per share, with an aggregate value of about $1,530.
• This was an equity award (phantom stock) under the company's SERP (supplemental executive retirement plan), not an open-market purchase or sale.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 17, 2026.
• Award: 12.936 phantom stock units at $118.31 each; aggregate reported value ≈ $1,530.
• Instrument: Derivative/phantom stock units (each unit represents the right to receive one share).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Units were allocated under the SERP based on the issuer's closing stock price on 2/13/2026 (each phantom unit equals the right to one share).

Context

• Phantom stock units are compensation awards that give the holder a right to receive value tied to the company’s common stock later; they are not immediate share purchases and do not necessarily signal a personal investment decision.
• This filing records a grant/award (A) rather than a purchase (P) or sale (S). No indication in the provided data that the Form 4 was late.