Form 4: Ingredion Director Charles Magro Increases Equity Stake

Director Charles V. Magro acquired 380 restricted stock units and 235 phantom stock units as part of his annual director compensation.

Summary

• Director Charles V. Magro received 380 restricted stock units (RSUs) as part of his annual retainer.
• The director also deferred a portion of his cash retainer into 235 phantom stock units under the company's Non-Qualified Deferred Compensation Plan.
• Both transactions were valued at $111.92 per share based on the closing price on March 31, 2026.
• Following these transactions, the director holds a total of 9,479.802 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of director compensation that does not impact the company's fundamental outlook.

Positives

• Director demonstrates alignment with shareholder interests by increasing equity holdings.
• Use of deferred compensation plans indicates long-term commitment to the company's performance.

Negatives

• None identified; this is a standard compensation-related filing.

Risks

• None identified; this is a standard compensation-related filing.

Future Outlook

Not applicable; this is a retrospective disclosure of director compensation.

Management Comments

• The filing notes that RSUs are payable in stock no earlier than six months after resignation or retirement and no later than ten years thereafter.

Industry Context

StockSavvy.ai notes that director equity acquisitions via annual retainers are standard corporate governance practices, signaling board confidence in long-term stability.

Comparison to Industry Standards

• The use of RSUs and deferred compensation plans for board members is consistent with standard practices among S&P 500 and mid-cap industrial companies.
• The structure of the compensation aligns with typical governance benchmarks for executive and director retention.

Stakeholder Impact

• Positive signal for shareholders as it reflects director participation in equity-based compensation.

Next Steps

• No specific future actions required by the reporting person other than continued board service.

Key Dates

Keywords

Ingredion, INGR, Director Compensation, Insider Transaction, Form 4, Equity Ownership