Leonard Michael J 4

What Happened

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion (INGR), was granted 30.309 phantom stock units on April 15, 2026. The units were valued at $112.70 each, for an aggregate value of $3,416. This was recorded as a derivative award (grant) under the company’s compensation plan, not an open-market purchase.

Key Details

• Transaction date: 2026-04-15; Filing date: 2026-04-16 (timely)
• Transaction type/code: Award/Grant (A) — derivative
• Units granted: 30.309 phantom stock units
• Price used for valuation: $112.70 per share; total value reported: $3,416
• Footnote: These are phantom stock units under Ingredion’s Non‑Qualified Deferred Compensation Plan; each unit represents the right to receive one share of common stock (valued based on the April 15, 2026 closing price)
• Shares owned after transaction: Not disclosed in the provided filing

Context

• Phantom stock units are a form of deferred compensation that track the value of company shares and typically settle in cash or stock at a later date; they are bookkeeping awards rather than immediate stock purchases. Such grants are common compensation practices and do not by themselves indicate the insider’s market sentiment.