Form 4: Ingredion Inc. Executive Reports Acquisition of Phantom Stock

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

Summary

• On March 31, 2025, Michael J. Leonard, an officer of Ingredion Inc., acquired 24.409 units of phantom stock.
• These 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 phantom stock is $135.21 per unit.
• Following the transaction, Leonard directly owns 90.288 derivative securities.

Sentiment

Score: 6

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

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.
• The SERP plan is designed to provide additional retirement benefits to key executives.

Industry Context

Executive compensation practices, including the use of phantom stock, are common in publicly traded companies to incentivize and retain key personnel.

Stakeholder Impact

• The acquisition of phantom stock has a minor impact on shareholders as it is part of the executive compensation plan.

Key Dates

Keywords

phantom stock, SERP, Ingredion, executive compensation, Form 4, derivative securities, beneficial ownership