Ingredion (INGR) SVP, CIO now holds 1,866.963 phantom units
Ingredion Inc (INGR) reported that SVP, CIO Michael J. Leonard acquired 33.015 phantom stock units on August 31, 2026, under a Non-Qualified Deferred Compensation Plan. Each unit represents the right to receive one share of common stock. Leonard now holds 1,866.963 phantom units. The grant was valued at $3K based on the closing stock price of $103.46 per share.
How this was made
The 30-second read
Why it matters
The grant is a routine compensation award with negligible market impact.
Market read
Minor insider compensation filing; no expected price movement.
What to watch
Potential future dilution if phantom units are settled, but no immediate effect.
Background
Ingredion Inc. filed a Form 4 showing a phantom stock grant to its SVP, CIO & Head of Prot. Fort.
Ticker impact
Form 4 disclosed Michael J. Leonard received 33.015 phantom stock units, raising his holdings to 1,866.963 units.
no material price change expected
The grant is valued at roughly $3,000, a trivial amount for a mid‑cap company, and phantom units do not affect share count.
Market effects
none
none
none
Counterpoint
Even small insider grants can signal confidence, but the size here is too minor to matter.
Key entities
- executiveMichael J. Leonard
SVP, CIO & Head of Prot. Fort. at Ingredion
- companyIngredion Inc.
Food ingredients producer (ticker INGR)



