Form 4: Ingredion Executive Reports Phantom Stock Acquisition

Michael J. Leonard, SVP and CIO of Ingredion Inc., acquired 30.309 units of phantom stock via the company's deferred compensation plan.

Summary

• Michael J. Leonard, SVP, CIO & Head of Protein Fortification at Ingredion Inc., acquired 30.309 shares of phantom stock.
• The transaction occurred on April 15, 2026, at a price of $112.70 per share.
• The acquisition was made through the company's Non-Qualified Deferred Compensation Plan.
• Following this transaction, the reporting person holds a total of 1,540.661 shares of phantom stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding executive compensation.

Positives

• Demonstrates continued alignment of executive interests with shareholder value through participation in the deferred compensation plan.

Negatives

• None identified.

Risks

• Value of phantom stock is directly tied to the market performance of Ingredion Inc. common stock.

Future Outlook

Not applicable as this is a routine disclosure of executive compensation activity.

Industry Context

StockSavvy.ai notes that routine acquisitions of phantom stock by executives via deferred compensation plans are standard corporate governance practices and do not typically signal a change in market sentiment or strategic direction.

Comparison to Industry Standards

• The transaction is consistent with standard executive compensation practices among large-cap industrial and food ingredient companies.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard internal compensation adjustment.

Next Steps

• No further actions required.

Key Dates

Keywords

Ingredion, INGR, Form 4, Insider Trading, Phantom Stock, Executive Compensation