Leonard Michael J 4
4 · Ingredion Inc · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Ingredion SVP Michael J. Leonard Receives Phantom Stock Award (INGR)
What Happened
Michael J. Leonard, Senior Vice President, Chief Innovation Officer & Head of Protected Fortifications (SVP, CIO & Head of Prot. Fort.) at Ingredion Inc., was granted 36.066 phantom stock units on June 30, 2026. The units were valued at $94.71 each, for an aggregate reported value of approximately $3,416. This was an award (derivative/phantom stock), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-01 (filed timely).
- Units awarded: 36.066 phantom stock units; per-unit valuation: $94.71; aggregate value: ~$3,416.
- Shares/units after transaction: reporting shows 36.066 phantom stock units allocated as of the reporting date.
- Type: Derivative award under the Non‑Qualified Deferred Compensation Plan (reported as "A" — award/grant/acquisition).
- Footnote: Each phantom stock unit represents the right to receive one share of Ingredion common stock; the reported amount is based on the June 30, 2026 closing price.
Context
Phantom stock units are deferred-compensation awards that give the holder the right to receive shares (or cash equivalent) in the future; they do not necessarily convey current voting rights or dividends. This award is routine compensation rather than an outright market purchase or sale and is relatively small in dollar terms (~$3.4k).
Insider Transaction Report
- Award
Phantom Stock
[F1]2026-06-30$94.71/sh+36.066$3,416→ 1,718.846 total→ Common Stock (36.066 underlying)
Footnotes (1)
- [F1]Represents the aggregate number of shares of phantom stock allocated to the reporting person under the Non-Qualified Deferred Compensation Plan as of the date hereof based on the closing price of a share of the issuer's Common Stock on June 30, 2026. Each phantom stock unit represents the right to receive one share of common stock.