Ingredion (INGR) SVP Michael J. Leonard Receives Phantom Stock Award

What Happened
Michael J. Leonard, Ingredion's Senior Vice President, Chief Investment Officer & Head of Prot. Fort., was granted 28.467 phantom stock units on September 15, 2026. The units are valued at $99.07 each (closing price), for an aggregate reported value of about $2,820. This was an award (derivative grant) under a non-qualified deferred compensation plan—not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-09-15 — Award/Grant of phantom stock units (code A).
• Price/value: $99.07 per share; total reported value ≈ $2,820.
• Shares/units reported: 28.467 phantom stock units.
• Ownership after transaction: Filing indicates 28.467 phantom units allocated as of Sept 15, 2026 (per footnote). The filing does not report additional common-stock holdings.
• Footnote: Each phantom stock unit represents the right to receive one share of common stock under the Non‑Qualified Deferred Compensation Plan.
• Timeliness: Filing date 2026-09-16 for a 2026-09-15 transaction — appears timely.

Context
Phantom stock units are a deferred compensation award that entitles the recipient to receive shares (or cash equivalent) in the future; they are derivative awards rather than immediate stock purchases. Such grants are common as part of executive compensation and do not by themselves indicate a buy or sell signal by the insider.