Form 4: Ingredion Inc. Executive Reports Stock Transactions

Ingredion Inc. executive Michael J. Leonard reports on changes in beneficial ownership of phantom stock units.

Summary

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc. (INGR), has reported a transaction related to his beneficial ownership.
• The transaction involves phantom stock units allocated under the Non-Qualified Deferred Compensation Plan.
• As of May 15, 2026, Leonard beneficially owned 1,615.457 shares of Ingredion's common stock through these phantom stock units.
• Each phantom stock unit is equivalent to one share of common stock.
• The value of these units is based on the closing price of Ingredion's common stock on May 15, 2026, which was $102.62 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of executive stock holdings and does not indicate significant positive or negative developments for the company.

Positives

• The executive's holdings are clearly disclosed, indicating transparency.
• The phantom stock units are tied to the company's common stock performance, aligning executive interests with shareholders.

Risks

• The value of the phantom stock units is directly tied to the market price of Ingredion's common stock, meaning any decline in stock price will reduce the value of these holdings.
• Deferred compensation plans can be subject to complex tax regulations and potential changes in legislation.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future performance. It primarily reports on existing beneficial ownership.

Industry Context

StockSavvy.ai notes that the reporting of phantom stock units is a common practice in the food processing industry for executive compensation, aligning leadership incentives with shareholder value.

Stakeholder Impact

• Shareholders: The disclosure provides transparency into executive compensation and ownership, which can influence investor confidence.
• Employees: The phantom stock plan is part of the executive compensation structure, indirectly impacting employee morale and retention strategies.

Key Dates

Keywords

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