Ingredion (INGR) SVP Michael J. Leonard Receives Award

What Happened

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion, was granted 33.015 phantom stock units (derivative securities) on August 31, 2026. The grant is reported as 33.015 shares at a per‑share value of $103.46, totaling approximately $3,416. This was an award (code A), not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-08-31; 33.015 units at $103.46 each (total ~$3,416).
• Transaction type: Award/Grant of derivative securities (phantom stock units), reported as code “A” on Form 4.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The units represent phantom stock allocated under the Non‑Qualified Deferred Compensation Plan; each phantom unit equals the right to receive one share of common stock based on the closing price on Aug 31, 2026.
• Filing timeliness: Form 4 was filed 2026-09-01 (one day after the grant) — appears timely under standard Form 4 reporting rules.

Context

• This grant is a compensation/deferral award (phantom stock) rather than a cash purchase or sale. Phantom units typically convert to cash or actual shares per plan terms at a later date; the filing does not indicate immediate sale or cashless exercise. Such awards are common for executive compensation and do not by themselves signal a buy or sell decision.