Form 4: Ingredion Inc. Executive Reports Stock Transaction

Ingredion Inc. executive Michael J. Leonard reports a transaction involving phantom stock units under a deferred compensation plan.

Summary

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc. (INGR), reported a transaction on June 15, 2026.
• The transaction involved 33.65 phantom stock units, which are part of the Non-Qualified Deferred Compensation Plan.
• Each phantom stock unit is equivalent to one share of Ingredion's Common Stock.
• The value of these units is based on the closing price of Ingredion's Common Stock on June 15, 2026, which was $101.51 per share.
• The reporting person beneficially owns 1,682.78 shares of common stock directly.

Sentiment

Score: 5

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

Positives

• The executive's participation in a deferred compensation plan suggests a long-term incentive structure.
• The value of the phantom stock units is tied to the company's common stock performance, aligning executive interests with shareholders.

Risks

• The value of the phantom stock units is subject to the market price fluctuations of Ingredion's Common Stock.
• Potential for dilution if a large number of phantom stock units are exercised and converted into actual shares.

Future Outlook

The phantom stock units represent a right to receive common stock in the future, contingent on the terms of the Non-Qualified Deferred Compensation Plan. The value will fluctuate with the company's stock price.

Industry Context

StockSavvy.ai notes that executive compensation structures involving phantom stock are common in the food and beverage industry, aiming to retain talent and align incentives with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction reflects standard executive compensation practices, with the value of phantom stock tied to company performance.

Next Steps

• The phantom stock units will continue to be held under the Non-Qualified Deferred Compensation Plan.
• The value of these units will be subject to future market price changes of Ingredion's Common Stock.

Key Dates

Keywords

Ingredion Inc., INGR, Form 4, SEC Filing, Stock Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership