Leonard Michael J 4
4 · Ingredion Inc · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Ingredion (INGR) SVP Michael J. Leonard Receives Phantom Stock Award
What Happened
Michael J. Leonard, Senior Vice President, CIO & Head of Prot. Fort. at Ingredion, was granted 13.942 phantom stock units on February 27, 2026. The filing values those units at $117.46 per share for a total reported value of $1,638. This was an award/acquisition under the company’s non-qualified deferred compensation plan (a compensation award), not an open-market purchase.
Key Details
- Transaction date and price: 2026-02-27; 13.942 units @ $117.46 each (total ~$1,638).
- Shares owned after transaction: Not reported in this filing.
- Footnote: Units are phantom stock allocated under the Non-Qualified Deferred Compensation Plan; each phantom stock unit represents the right to receive one share of Ingredion common stock, and the aggregate figure is based on the Feb 27, 2026 closing price.
- Filing date/timeliness: Form 4 filed 2026-03-03 — within the usual two-business-day reporting window for Form 4.
Context
Phantom stock units are a deferred-compensation instrument that track the value of company shares and represent a future right to receive shares or cash; they are not immediate open-market purchases and do not necessarily indicate the insider is buying or selling stock. This award is a routine compensation-related grant and is small in dollar terms (~$1.6k).
Insider Transaction Report
- Award
Phantom Stock
[F1]2026-02-27$117.46/sh+13.942$1,638→ 629.639 total→ Common Stock (13.942 underlying)
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 February 27, 2026. Each phantom stock unit represents the right to receive one share of common stock.