Ingredion (INGR) SVP Michael J. Leonard Receives Award

What Happened
Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion, was granted 33.65 phantom stock units on 2026-06-15. The units were valued at $101.51 each based on the June 15, 2026 closing price, for an aggregate value of approximately $3,416. This transaction is recorded as an award (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely filing).
• Instrument: Phantom stock units (derivative award) — 33.65 units at $101.51 each; total ~$3,416.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The units represent phantom stock allocated under the Non‑Qualified Deferred Compensation Plan; each phantom unit equals the right to receive one common share based on the closing price (see footnote F1).
• Transaction code: A (award/acquisition).

Context
Phantom stock units are a form of deferred compensation that give the holder a right to receive shares or cash tied to the company’s stock value at a future date. Such awards are routine components of executive compensation and do not represent an open‑market purchase or sale that directly signals immediate trading intent.