Magro Charles V., a director at Ingredion Inc, has reported a transaction involving phantom stock. On September 30, 2026, he acquired 266 shares valued at $95.81 each. This acquisition is significant as it underscores the company's approach to executive compensation and retention strategies.
Background
Ingredion Inc, identified under the SEC with the CIK 0001046257, operates in the grain mill products sector. The company, incorporated in Delaware, has its headquarters in Westchester, Illinois. It is publicly traded under the ticker symbol INGR. Recent filings show a consistent pattern of ownership changes, indicating active management engagement.
What the Filing Says
The recent filing, accession number 0001046257-26-000258, details that Magro acquired 266 shares of phantom stock on September 30, 2026. These shares are part of a deferred compensation plan, which allows executives to receive stock units in lieu of cash retainers. The filing states, "Represents the aggregate number of shares of phantom stock allocated to the reporting person based upon a deferral of a cash retainer under the Non-Qualified Deferred Compensation Plan as of the date hereof based on the closing price of a share of the issuer's Common Stock on September 30, 2026." Following this transaction, Magro holds a total of 771.7435 shares.
Impact
This transaction may affect various stakeholders, including shareholders of Ingredion Inc, as it reflects the company's commitment to aligning executive compensation with shareholder interests. The use of phantom stock is a strategic move to incentivize performance and retention among executives, which can enhance overall company performance in the competitive grain mill products industry.
What's Next
The filing does not say what happens next.