Leonard Michael J 4

What Happened

• Michael J. Leonard, Ingredion's Senior Vice President, Chief Investment Officer & Head of Prot. Fort., was granted 33.673 phantom stock units on May 29, 2026. The units were valued at $101.44 each, for an aggregate reported value of $3,416. This was an award/acquisition (derivative) under the company's plan, not an open-market buy or sale.

Key Details

• Transaction date: 2026-05-29 (reported on Form 4 filed 2026-06-02).
• Transaction type: A = Award/Grant (derivative — phantom stock units).
• Units granted: 33.673 phantom stock units @ $101.44 each; total value $3,416.
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnote: Units represent phantom stock allocated under the Non‑Qualified Deferred Compensation Plan; each phantom stock unit represents the right to receive one share, and the aggregate value was based on the closing price on May 29, 2026.
• Filing timeliness: No late‑filing indicator shown in the provided data.

Context

• This grant is a deferred compensation award (phantom stock), meaning Leonard was credited units that correspond to the economic value of common shares; the units typically pay out in shares or cash later per the plan terms. Such awards are routine compensation and do not by themselves indicate a buy or sell decision in the open market.