Leonard Michael J 4

What Happened Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion, was credited with 718.333 phantom stock units (derivative award) on March 6, 2026. The units were valued at $114.83 each based on the closing price that day, for an aggregate value of $82,486. This was an award/acquisition of derivative units under the company’s Non‑Qualified Deferred Compensation Plan, not an open‑market purchase or sale of actual shares.

Key Details

• Transaction date and valuation: March 6, 2026; $114.83 per unit.
• Amount: 718.333 phantom stock units; aggregate value reported $82,486.
• Nature: Derivative award (phantom stock units) under the Non‑Qualified Deferred Compensation Plan.
• Footnote: F1 — units represent the aggregate number of phantom stock allocated as of March 6, 2026; each unit equals the right to receive one common share.
• Filing: Form 4 filed March 10, 2026 (timely relative to the March 6 transaction).
• Shares owned after transaction: Not disclosed in the summary filing.

Context Phantom stock units are a form of deferred compensation that entitles the holder to receive the cash value or shares later; they are not immediate purchases of common stock and do not necessarily indicate a near‑term buy or sell decision. This transaction is an internal award under a compensation plan rather than a market trade.