Ingevity (NGVT) SVP receives 1,262 RSUs, now holds 31,633 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PLATT PHILLIP JOHN reported acquisition or exercise transactions in this Form 4 filing.
Ingevity Corp senior vice president of finance and chief accounting officer Phillip John Platt received a grant of 1,262 restricted stock units (RSUs) of common stock on May 1, 2026. This was awarded under the Ingevity Corporation 2025 Omnibus Incentive Plan and is compensation rather than a market purchase.
The RSUs will vest in three equal installments on May 1, 2027, 2028, and 2029, meaning the shares are earned over time if service conditions are met. After this award, Platt directly holds 31,633 shares of Ingevity common stock, which includes 422 shares purchased through the company’s Employee Stock Purchase Plan for the period from January 1, 2026 to March 31, 2026 at a price equal to 85% of the December 31, 2025 closing price.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PLATT PHILLIP JOHN
Role
SVP, Finance & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,262 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,633 shares (Direct, null)
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 May 1, 2027, 2028, and 2029. Includes 422 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 January 1, 2026 to March 31, 2026. In accordance with the terms of the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Common Stock on December 31, 2025.
Key Figures
RSU grant size: 1,262 units
Shares held after grant: 31,633 shares
ESPP shares included: 422 shares
+1 more
4 metrics
RSU grant size
1,262 units
Restricted stock units granted May 1, 2026
Shares held after grant
31,633 shares
Total direct common stock holdings following transaction
ESPP shares included
422 shares
Purchased under ESPP for Jan 1–Mar 31, 2026 period
ESPP purchase discount
85% of closing price
Based on December 31, 2025 closing stock price
Key Terms
restricted stock units ("RSUs"), Omnibus Incentive Plan, Employee Stock Purchase Plan, vesting
4 terms
restricted stock units ("RSUs") financial
"Grant of restricted stock units ("RSUs") pursuant to the Ingevity Corporation 2025 Omnibus Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Omnibus Incentive Plan financial
"pursuant to the Ingevity Corporation 2025 Omnibus Incentive Plan, which will vest in three equal installments"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
Employee Stock Purchase Plan financial
"purchased pursuant to the Amended and Restated 2017 Ingevity Corporation Employee Stock Purchase Plan, as amended ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
vesting financial
"which will vest in three equal installments on May 1, 2027, 2028, and 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Ingevity (NGVT) executive Phillip John Platt report in this Form 4?
Phillip John Platt reported receiving 1,262 restricted stock units (RSUs) of Ingevity common stock as a compensation grant. The award was made on May 1, 2026 and did not involve any open-market stock purchase or sale.
How and when will Phillip John Platt’s new Ingevity (NGVT) RSUs vest?
The 1,262 RSUs granted to Phillip John Platt will vest in three equal installments on May 1, 2027, May 1, 2028, and May 1, 2029. Vesting means the units convert into shares over time if conditions are satisfied.
What is the role of Ingevity’s 2025 Omnibus Incentive Plan in this Form 4?
The 2025 Omnibus Incentive Plan is the compensation program under which the 1,262 RSUs were granted. Such plans provide equity-based awards to executives, linking a portion of compensation to company stock performance and long-term service.