Leonard Michael J 4/A

What Happened
Michael J. Leonard, Ingredion Inc.'s Senior Vice President, Chief Investment Officer & Head of Protection Portfolio, was granted 819.984 phantom stock units (derivative award) on March 6, 2026. The units were valued at $114.83 each based on the closing share price that day, for an aggregate value of $94,159. This is an award under a non‑qualified deferred compensation plan rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-06; Filing (amended): 2026-03-19. This Form 4 is an amended filing to correct the number of shares.
• Grant type/code: A (Award/Grant) — derivative phantom stock units.
• Units granted: 819.984 units at $114.83 per share; total value reported $94,159.
• Shares owned after transaction: Not specified in the amended filing.
• Footnote: Each phantom stock unit represents the right to receive one share of Ingredion common stock; the aggregate unit count was calculated using the March 6, 2026 closing price.
• Filing notes: This is an amended Form 4 correcting the share count; no indication in this filing that shares were sold or that this was a cashless exercise.

Context
Phantom stock units are deferred compensation: they track the value of company shares and typically convert to stock or cash at a later date. Such awards are compensation-related and do not by themselves signal a purchase-driven bullish bet by the insider.