Ingevity (NGVT) finance SVP reports RSU grant and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp senior vice president of finance and chief accounting officer Phillip John Platt reported a mix of equity grants and tax-related share dispositions. On February 27, 2026, he acquired 2,108 restricted stock units under the 2025 Omnibus Incentive Plan, vesting in three equal installments on February 27, 2027, 2028, and 2029. On March 2, 2026, the company withheld a total of 1,070 common shares at $71.64 per share to cover tax obligations tied to vested RSUs from 2023, 2024, and 2025, reducing his directly owned common stock to 29,949 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
PLATT PHILLIP JOHN
Role
SVP, Finance & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 224 | $71.64 | $16K |
| Tax Withholding | Common Stock | 407 | $71.64 | $29K |
| Tax Withholding | Common Stock | 99 | $71.64 | $7K |
| Tax Withholding | Common Stock | 340 | $71.64 | $24K |
| Grant/Award | Common Stock | 2,108 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,795 shares (Direct)
Footnotes (1)
- Grant of restricted stock units ("RSUs") pursuant to the Ingevity Corporation 2025 Omnibus Incentive Plan, which will vest in three equal installments on February 27, 2027, 2028, and 2029. Shares withheld by the Company to satisfy tax withholding obligations related to the 2023 RSUs that vested. Shares withheld by the Company to satisfy tax withholding obligations related to the 2024 RSUs that vested. Shares withheld by the Company to satisfy tax withholding obligations related to the 2025 RSUs that vested.
FAQ
What insider transactions did Ingevity (NGVT) report for Phillip John Platt?
Ingevity reported that Phillip John Platt received 2,108 restricted stock units and had 1,070 common shares withheld to cover taxes on vested RSUs. These transactions adjusted, but did not eliminate, his direct common stock holdings.
How many Ingevity (NGVT) restricted stock units did Phillip John Platt receive?
Phillip John Platt received 2,108 restricted stock units under Ingevity’s 2025 Omnibus Incentive Plan. These RSUs vest in three equal installments on February 27, 2027, February 27, 2028, and February 27, 2029, aligning incentives with multi-year performance.
When do Phillip John Platt’s newly granted Ingevity (NGVT) RSUs vest?
The 2,108 restricted stock units granted to Phillip John Platt vest in three equal installments on February 27, 2027, February 27, 2028, and February 27, 2029. This schedule spreads the equity compensation over three future years.
What transaction codes appear in Phillip John Platt’s Ingevity (NGVT) Form 4?
The Form 4 shows code A for the acquisition of 2,108 restricted stock units and code F for four tax-withholding dispositions. Code F indicates shares were withheld by the company to cover tax liabilities on vested restricted stock units.