New Ingevity (NYSE: NGVT) chief accounting officer and pay package
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Ingevity Corporation appointed Ryan Cotterman, age 44, as Vice President, Chief Accounting Officer and principal accounting officer effective June 22, 2026. He brings prior senior accounting leadership experience from Ralliant Corporation, Cornerstone Building Brands, Advance Auto Parts, and 14 years at Ernst & Young.
His initial annual base salary will be $345,000 with an annual bonus target of 40% of base salary and a long-term incentive opportunity equal to 65% of base salary beginning in 2027. Cotterman will receive a one-time sign-on cash bonus of $40,000 and restricted stock units with a grant date target value of $150,000, vesting over three years.
The company states there are no selection arrangements, family relationships, or related-party transactions requiring disclosure in connection with this appointment.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Base salary: $345,000 per year
Annual bonus target: 40% of base salary
Long-term incentive opportunity: 65% of base salary
+3 more
6 metrics
Base salary
$345,000 per year
Initial annual base salary for chief accounting officer
Annual bonus target
40% of base salary
Target cash bonus opportunity
Long-term incentive opportunity
65% of base salary
Commences in 2027 for equity-based incentives
Sign-on cash bonus
$40,000
One-time bonus upon appointment
RSU grant value
$150,000
Restricted stock units vesting over three years
Age of appointee
44 years
Age of new chief accounting officer at appointment
Key Terms
principal accounting officer, restricted stock units, long-term incentive opportunity, emerging growth company, +2 more
6 terms
principal accounting officer financial
"appointed as Vice President, Chief Accounting Officer and principal accounting officer of Ingevity Corporation"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock units financial
"an equity award of restricted stock units with a grant date target value of $150,000"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
long-term incentive opportunity financial
"his initial long-term incentive opportunity will be 65% of base salary, which will commence in 2027"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 404(a) of Regulation S-K regulatory
"no transactions involving the Company and Mr. Cotterman that are required to be reported pursuant to Item 404(a) of Regulation S-K"
Cover Page Interactive Data File regulatory
"Exhibit No. | Description of Exhibit 104 | Cover Page Interactive Data File"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________
FORM 8-K
_______________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
__________________________________________________________________________
INGEVITY CORPORATION
(Exact name of registrant as specified in its charter)
__________________________________________________________________________
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip code) | ||||||||||
Registrant’s telephone number, including area code: 843 -740-2300
Not Applicable
(Former name or former address, if changed since last report)
_____________________________________________________________________________________________________
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | ||||||||
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act | o | |||||||
_____________________________________________________________________________________________________
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On June 22, 2026, Ryan Cotterman, age 44, was appointed as Vice President, Chief Accounting Officer and principal accounting officer of Ingevity Corporation (the “Company”). Mr. Cotterman most recently served as Senior Director, Corporate Controller of Ralliant Corporation (NYSE: RAL), a publicly traded precision technology company spun off from Fortive Corporation (NYSE: FTV), which he joined in 2025. Prior to that, Mr. Cotterman served as Vice President, Corporate Controller of Cornerstone Building Brands, Inc. from 2023 to 2024. From 2017 to 2023, Mr. Cotterman held positions of increasing responsibility at Advance Auto Parts, Inc. (NYSE: AAP), most recently as Vice President, Assistant Controller. Earlier in his career, Mr. Cotterman spent 14 years with Ernst & Young LLP, rising to Assurance Services Senior Manager (2004–2017), where he led audits and initial public offerings for SEC-registered clients across the manufacturing, life sciences, technology, and SaaS sectors. Mr. Cotterman received a Bachelor of Science in Accounting from Le Moyne College. He is a Certified Public Accountant licensed in the State of North Carolina.
In connection with his appointment, Mr. Cotterman’s initial annual base salary will be $345,000, his initial annual bonus target will be 40% of base salary, and his initial long-term incentive opportunity will be 65% of base salary, which will commence in 2027. Mr. Cotterman will receive a one-time, sign-on cash bonus of $40,000 and an equity award of restricted stock units with a grant date target value of $150,000, vesting over a three-year period. Mr. Cotterman will be eligible to participate in standard Company benefit programs generally available to similarly situated employees.
There are no arrangements or understandings between Mr. Cotterman and any other persons pursuant to which he was selected as an officer, he has no family relationships with any of the Company’s directors or executive officers, and there are no transactions involving the Company and Mr. Cotterman that are required to be reported pursuant to Item 404(a) of Regulation S-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
| Exhibit No. | Description of Exhibit | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INGEVITY CORPORATION | |||||
| (Registrant) | |||||
| By: | /S/ RYAN C. FISHER | ||||
| Ryan C. Fisher | |||||
| Senior Vice President, General Counsel and Corporate Secretary | |||||
Date: June 24, 2026
FAQ
Who was appointed as Ingevity (NGVT) chief accounting officer?
Ingevity appointed Ryan Cotterman as Vice President, Chief Accounting Officer and principal accounting officer. The appointment is effective June 22, 2026. He joins with senior accounting leadership experience at Ralliant, Cornerstone Building Brands, Advance Auto Parts, and a 14-year tenure at Ernst & Young.
What is the base salary for Ingevity’s new chief accounting officer?
Ryan Cotterman’s initial annual base salary is $345,000. This salary underpins his incentive opportunities, including an annual bonus target equal to 40% of base salary and a long-term incentive opportunity equal to 65% of base salary starting in 2027.
What bonus and equity awards will Ingevity (NGVT) grant Ryan Cotterman?
Cotterman will receive a one-time sign-on cash bonus of $40,000 and restricted stock units with a grant date target value of $150,000. The restricted stock units will vest over a three-year period, aligning compensation with longer-term company performance and retention.
When does Ryan Cotterman’s long-term incentive at Ingevity begin?
His initial long-term incentive opportunity, set at 65% of base salary, will commence in 2027. This incentive is part of a broader compensation package that also includes a $345,000 base salary and an annual cash bonus target equal to 40% of base salary.
What professional background does Ingevity’s new chief accounting officer have?
Cotterman previously served as Senior Director, Corporate Controller at Ralliant Corporation and Vice President, Corporate Controller at Cornerstone Building Brands. He also held leadership roles at Advance Auto Parts and spent 14 years at Ernst & Young leading audits and IPOs.