Form 4: Ingredion Inc. Executive Michael J. Leonard Reports Phantom Stock Acquisition

Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc., reports acquisition of phantom stock units under the company's SERP plan.

Summary

• Michael J. Leonard, a senior executive at Ingredion Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 0.781 shares of phantom stock on March 7, 2025, 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 derivative security is $135.47.
• Following the transaction, Leonard directly owns 46.375 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation.

Key Dates