Leonard Michael J 4

What Happened

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion (INGR), was granted 30.32 phantom stock units on 2026-03-31. The units were valued at the closing price of $112.66 per share, for an aggregate value of approximately $3,416. This transaction is an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant (code A); derivative phantom stock units.
• Transaction date and valuation: March 31, 2026; priced at $112.66 per share.
• Quantity and value: 30.32 phantom units; total value ≈ $3,416.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The units are phantom stock allocated under the Non‑Qualified Deferred Compensation Plan; each unit represents the right to receive one share of common stock (F1).
• Filing timing: Report filed April 1, 2026 covering the March 31, 2026 grant; no late‑filing flag indicated.

Context

• Phantom stock units are a deferred‑compensation instrument that typically pay out in cash or stock at a future date and generally do not convey immediate voting rights. This award is a routine compensation event and should not be read as an open‑market purchase signal.