Form 4: Ingredion Inc. Executive Acquires Phantom Stock Units

Michael J. Leonard, a senior executive at Ingredion Inc., acquired 11,056 phantom stock units on January 15, 2025, under the company's Supplemental Executive Retirement Plan (SERP).

Summary

• Michael J. Leonard, Senior Vice President, CIO & Head of Prot. Fort. at Ingredion Inc., reported the acquisition of 11,056 phantom stock units.
• The transaction occurred on January 15, 2025.
• These phantom stock units were allocated under the company's Supplemental Executive Retirement Plan (SERP).
• Each phantom stock unit represents the right to receive one share of Ingredion's common stock.
• The price of the common stock on the transaction date was $132.83 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive for the company's outlook.

Positives

• The acquisition of phantom stock units aligns the executive's interests with those of the shareholders.
• The SERP is a common incentive for executives.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in publicly traded companies, often used to align executive interests with shareholder value.
• Many companies in the food and beverage industry, such as Archer Daniels Midland and Bunge, use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, Ingredion, executive compensation, SERP, stock units, insider trading, Form 4