Leonard Michael J 4

What Happened

• Michael J. Leonard, Senior Vice President, Chief Investment Officer & Head of Protection and Fortification at Ingredion (INGR), was granted 30.569 phantom stock units on April 30, 2026. The units are priced at $111.74 per share based on the April 30 closing price, for a total reported value of $3,416. This was an award of derivative phantom stock (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: April 30, 2026 — 30.569 units at $111.74 per unit (total $3,416).
• Holding after transaction: 30.569 phantom stock units (footnote indicates this is the aggregate number allocated as of the date).
• Instrument type: Derivative phantom stock units under the Non‑Qualified Deferred Compensation Plan.
• Footnotes: F1 — each phantom unit represents the right to receive one share; F2 — includes phantom units acquired through dividend reinvestment.
• Filing: Report filed May 4, 2026; not noted as late in the filing.

Context

• Phantom stock units are deferred compensation awards that track the company’s share price and entitle the holder to receive cash or stock later; they are common compensation/retention tools and do not represent an immediate open‑market purchase or sale. These awards are typically routine and should not be interpreted on their own as a directional signal about the executive’s view of the stock.