Form 4: Ingredion Inc. Executive Reports Phantom Stock Allocation

Ingredion Inc. executive Michael J. Leonard reports an allocation of 33,673 phantom stock units under the company's deferred compensation plan.

Summary

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc. (INGR), has reported a transaction related to phantom stock.
• The transaction, dated May 29, 2026, involved the allocation of 33,673 phantom stock units.
• Each phantom stock unit is equivalent to one share of Ingredion's Common Stock.
• The allocation is based on the closing price of Ingredion's Common Stock on May 29, 2026, which was $101.44 per share.
• The total value of the allocated phantom stock is approximately $3,423,333.67 (33,673 units * $101.44/unit).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a standard executive compensation transaction rather than a significant operational or financial event.

Positives

• Executive compensation through phantom stock units can align management interests with shareholder value.
• The allocation reflects a commitment to retaining key leadership within the company.

Negatives

• The filing does not provide details on the vesting schedule or performance conditions associated with these phantom stock units, making it difficult to assess their immediate value or impact.

Risks

• The value of the phantom stock is directly tied to the market price of Ingredion's common stock, exposing the executive to market volatility.
• Changes in Ingredion's stock performance could negatively impact the ultimate value realized from these phantom stock units.

Future Outlook

The filing itself is a historical record of a transaction and does not contain forward-looking statements or guidance regarding future company performance. The value of the phantom stock is subject to future market performance of Ingredion's common stock.

Management Comments

• Each phantom stock unit represents the right to receive one share of common stock.
• The allocation is made under the Non-Qualified Deferred Compensation Plan.

Industry Context

StockSavvy.ai notes that the use of phantom stock units is a common executive compensation tool in the food processing and ingredients industry, aimed at retaining talent and aligning incentives with long-term stock performance.

Stakeholder Impact

• Shareholders: The allocation of phantom stock is a form of compensation expense, which can dilute shareholder value if not matched by performance. However, it also aims to align executive interests with long-term shareholder value creation.
• Employees: This filing primarily concerns executive compensation and has no direct impact on general employees.
• Management: The executive receiving the phantom stock benefits from potential future appreciation of Ingredion's stock price.

Next Steps

• The ultimate realization of value from these phantom stock units will depend on the future performance of Ingredion's common stock and the terms of the Non-Qualified Deferred Compensation Plan.

Key Dates

Keywords

Ingredion Inc., INGR, Form 4, Phantom Stock, Deferred Compensation, Executive Compensation, Stock Options, SEC Filing, Insider Trading