Form 4: Ingredion Executive Michael Leonard Receives Phantom Stock Allocation
Insider Transaction Report
Ingredion Inc.'s SVP, CIO & Head of Prot. Fort., Michael J. Leonard, was allocated 24.336 shares of phantom stock as part of his compensation, bringing his total beneficial ownership of phantom stock to 236.73 units.
Summary
- Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc. (INGR), received an allocation of phantom stock.
- The transaction occurred on June 30, 2025, and involved the acquisition of 24.336 shares of phantom stock.
- The phantom stock was allocated based on the closing price of Ingredion's Common Stock, which was $135.62 per share on June 30, 2025.
- Each phantom stock unit represents the right to receive one share of common stock.
- Following this allocation, Michael J. Leonard beneficially owns a total of 236.73 shares of phantom stock.
- This allocation is part of the Supplemental Executive Retirement Plan (SERP).
Sentiment
Score: 6
Explanation: The allocation of phantom stock is a standard compensation event, aligning executive interests with shareholders, which is mildly positive. There are no negative aspects reported.
Positives
- The allocation of phantom stock aligns the executive's interests with those of shareholders, as the value of the phantom stock is tied to the company's common stock performance.
- It represents a component of executive compensation, indicating ongoing retention and incentivization of key management.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
This filing details an individual executive's compensation event and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The phantom stock allocation aligns the executive's financial interests with the long-term performance of the company's common stock, potentially benefiting shareholders through improved executive incentives.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of earliest transaction; phantom stock allocated to Michael J. Leonard under the SERP based on the closing price of common stock. |
| 07/01/2025 | Signature date of the Form 4 filing by Michael N. Levy, attorney-in-fact. |
Keywords
Ingredion Inc, INGR, SEC Form 4, Insider Transaction, Phantom Stock, Executive Compensation, Michael J. Leonard, SERP, Stock Allocation
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