Leonard Michael J 4

What Happened

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion, received an award of 33.286 phantom stock units on May 15, 2026. The units were valued at $102.62 each, for a total reported value of $3,416. This was an award/acquisition (transaction code A) reported on a Form 4.
• These are derivative phantom stock units (not immediate common shares); each unit represents the right to receive one share of Ingredion common stock under the company’s Non‑Qualified Deferred Compensation Plan.

Key Details

• Transaction date and price: May 15, 2026; 33.286 units at $102.62 per unit.
• Reported value: $3,416 (aggregate based on closing price on May 15, 2026).
• Holdings after transaction: 33.286 phantom stock units (per the filing).
• Footnote: Units represent phantom stock allocated under the Non‑Qualified Deferred Compensation Plan; each unit equals the right to one share, valuation based on May 15, 2026 closing price.
• Timeliness: Form 4 filed May 19, 2026 — within the standard two business‑day reporting window (timely).

Context

• Awards of phantom stock are typically part of deferred compensation/retention programs and do not necessarily indicate an immediate buy/sell signal. The units entitle the holder to receive shares (or cash equivalent) in the future per plan terms.