Leonard Michael J 4

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).