Form 4: Ingredion Inc. Executive Reports Stock Transactions

Ingredion Inc. executive Michael J. Leonard reports transactions related to phantom stock units under a deferred compensation plan.

Summary

• Michael J. Leonard, SVP, CIO & Head of Prot. Fort. at Ingredion Inc. (INGR), has filed a Form 4 statement detailing changes in beneficial ownership.
• The filing reports on phantom stock units allocated under the Non-Qualified Deferred Compensation Plan.
• As of April 30, 2026, Leonard beneficially owned 1,582.171 shares of phantom stock.
• Each phantom stock unit is equivalent to one share of Ingredion's Common Stock.
• The value of these phantom stock units is based on the closing price of Ingredion's Common Stock on April 30, 2026, which was $111.74 per share.
• The filing also notes that shares of phantom stock were acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine disclosure of executive compensation and stock holdings rather than a significant event impacting the company's financial performance or strategic direction.

Positives

• The executive's participation in a deferred compensation plan suggests long-term incentive alignment with the company.
• Dividend reinvestment indicates a continued accumulation of value within the plan.

Risks

• The value of phantom stock is tied to the company's stock price, meaning any decline in Ingredion's stock price would negatively impact the value of these holdings.
• Phantom stock plans can be subject to specific vesting schedules and payout conditions, which are not detailed in this filing.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future stock performance or compensation plans.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executives and directors, providing transparency into insider stock transactions. The use of phantom stock is a common executive compensation tool in the food processing and ingredients industry, aiming to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders: Increased transparency into executive holdings and compensation structures.
• Employees: May indirectly reflect the company's commitment to executive retention and incentive alignment.
• Management: The value of their compensation is directly linked to the company's stock performance.

Key Dates

Keywords

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