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

• Michael J. Leonard, a Senior Vice President at Ingredion Inc., filed a Form 4 disclosing a transaction involving phantom stock.
• On April 15, 2025, Leonard acquired 25.352 units of phantom stock 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 $130.18 per unit.
• Following the transaction, Leonard directly owns 115.64 derivative securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a standard regulatory filing related to executive compensation.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.
• The SERP plan is designed to provide long-term incentives for key executives.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Phantom stock is a common form of executive compensation used to align management's interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock has a minimal direct impact on stakeholders.
• It reinforces the company's commitment to incentivizing its executives.

Key Dates

Keywords

Form 4, Ingredion, Phantom Stock, SERP, Executive Compensation, Michael J. Leonard