4/A: Ingredion Executive Amends Phantom Stock Holdings

Ingredion Inc. SVP, CIO & Head of Prot. Fort. Michael J. Leonard amended a previous filing to correct the number of phantom stock units acquired under a deferred compensation plan.

Summary

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc. (INGR), filed an amendment to a previous Form 4.
• The amendment corrects the number of phantom stock units acquired on March 6, 2026.
• An additional 819.984 phantom stock units were allocated to Mr. Leonard under the Non-Qualified Deferred Compensation Plan.
• Each phantom stock unit represents the right to receive one share of Ingredion common stock.
• The allocation was based on the closing price of Ingredion's common stock, which was $114.83 on March 6, 2026.
• Following this transaction, Mr. Leonard beneficially owns a total of 1,449.623 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, administrative filing. It reports a routine executive compensation transaction and an amendment to correct a previous filing, neither of which inherently impacts company sentiment significantly.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive compensation, particularly through equity-linked instruments like phantom stock, is a common practice across industries to align management incentives with shareholder interests. This specific filing is a routine disclosure of such compensation.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity holdings and compensation structure.

Key Dates

Recommendation

This Form 4/A is a routine disclosure of executive phantom stock acquisition and an amendment to correct a previous filing. It does not provide new material information that would warrant a change in investment recommendation. Investors should consider this as part of ongoing transparency regarding executive compensation, but it does not signal a fundamental shift in the company's prospects.

Keywords

Ingredion Inc, INGR, Form 4/A, Phantom Stock, Deferred Compensation, Executive Compensation, Insider Transaction, Michael J. Leonard