Ingevity (NGVT) CEO David Li receives 38,179-share stock grant vesting through 2029
Rhea-AI Filing Summary
Li David H reported acquisition or exercise transactions in this Form 4 filing.
Ingevity Corp President & CEO David H. Li reported an equity award of 38,179 shares of common stock. The filing labels this as a grant or award, with a price of $0.0000 per share, indicating it is a stock-based compensation grant rather than an open-market purchase.
According to the footnotes, the award consists of restricted stock units granted under the Ingevity Corporation 2025 Omnibus Incentive Plan and scheduled to vest in three equal installments on February 27, 2027, 2028, and 2029. After this grant, Li’s directly held common stock position is reported as 156,890 shares, which includes earlier purchases of 364 and 162 shares through the company’s employee stock purchase plan.
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Insights
CEO David Li received a sizable time-vested stock grant, increasing his direct equity stake.
The filing shows David H. Li, President & CEO of Ingevity Corp, acquiring 38,179 shares of common stock through a grant or award. The shares were granted at $0.0000 per share, reflecting stock-based compensation rather than cash investment.
Footnotes state these are restricted stock units under the 2025 Omnibus Incentive Plan, vesting in three equal tranches on February 27, 2027, 2028, and 2029. After the award, Li holds 156,890 common shares directly, a figure that also incorporates smaller prior purchases through the employee stock purchase plan.
This structure aligns the CEO’s compensation with long-term company performance over the multi-year vesting period, but the actual impact for shareholders will depend on future share price and any subsequent sales disclosed in later filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38,179 | $0.00 | -- |
Footnotes (1)
- Grant of restricted stock units pursuant to the Ingevity Corporation 2025 Omnibus Incentive Plan, which will vest in three equal installments on February 27, 2027, 2028, and 2029. Includes (i) 364 shares of Common Stock purchased pursuant to the Amended and Restated 2017 Ingevity Corporation Employee Stock Purchase Plan, as amended ("ESPP") for the purchase period of July 1, 2025 to September 30, 2025 (the "September ESPP Shares"), and (ii) 162 shares of Common Stock purchased pursuant to the ESPP for the purchase period of October 1, 2025 to December 31, 2025 (the "December ESPP Shares"). In accordance with the terms of the ESPP, the September ESPP Shares were purchased at a price equal to 85% of the closing price of Issuer's Common Stock on July 1, 2025 and the December ESPP Shares were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on October 1, 2025.