Leonard Michael J 4

What Happened

• Michael J. Leonard, Senior Vice President, Chief Investment Officer & Head of Prot. Fort. at Ingredion, received an award of 30.409 phantom stock units (derivative securities) on March 13, 2026. The units were valued at $112.33 each based on the closing price that day, for an aggregate value of approximately $3,416. Transaction code: A (award/grant).

Key Details

• Transaction date and price: 2026-03-13; 30.409 units at $112.33 per unit; total ≈ $3,416.
• Security type: Phantom stock units (derivative), each unit represents the right to receive one share of common stock.
• Plan/footnote: Units were allocated under the Non‑Qualified Deferred Compensation Plan; valuation based on the issuer’s March 13, 2026 closing price.
• Shares owned after transaction: Not specified in the filing.
• Filing: Reported on Form 4 filed 2026-03-17 — timely (filed within the required two business days).
• Transaction code: A = award/grant (not an open-market purchase or sale).

Context

• This was a compensation award of phantom (deferred) stock units, not an immediate market purchase or sale. Phantom units typically represent a right to receive stock (or its cash value) in the future and do not necessarily indicate an immediate change in the insider’s market exposure or intent.