Ingevity (NGVT) director granted 397 deferred stock units in lieu of fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp director Kevin J. Willis reported an award of 397 shares of common stock-equivalent deferred stock units, valued using a reference price of $72.58 per share. Following this grant, his directly owned and deferred stock unit-equivalent holdings total 11,478 shares.
These units represent vested deferred stock units received in lieu of quarterly director fees. Under Ingevity’s Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan, the units will convert into an equal number of common shares when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WILLIS J KEVIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 397 | $72.58 | $29K |
Holdings After Transaction:
Common Stock — 11,478 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 397 units
Reference price per unit: $72.58 per share
Holdings after transaction: 11,478 shares
+1 more
4 metrics
Deferred stock units granted
397 units
Award of common stock-equivalent DSUs to director
Reference price per unit
$72.58 per share
Valuation used for the DSU grant
Holdings after transaction
11,478 shares
Total direct and equivalent holdings after grant
Transaction code
A (grant/award acquisition)
Form 4 non-derivative transaction classification
Key Terms
deferred stock units, Non-Employee Director Deferred Compensation Plan, 2025 Omnibus Incentive Plan, Grant, award, or other acquisition
4 terms
deferred stock units financial
"Represents vested deferred stock units ("DSUs") granted pursuant to the reporting person's election"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Non-Employee Director Deferred Compensation Plan financial
"pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan"
2025 Omnibus Incentive Plan financial
"and 2025 Omnibus Incentive Plan, as amended"
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Ingevity (NGVT) director Kevin J. Willis report?
Kevin J. Willis reported receiving 397 deferred stock units tied to Ingevity common stock. The units were granted as a form of director compensation and are valued using a reference price of $72.58 per share under the company’s compensation plans.
Was the Ingevity (NGVT) Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant of 397 deferred stock units, not an open-market purchase. These units were awarded in lieu of quarterly director fees under Ingevity’s non-employee director deferred compensation and 2025 omnibus incentive plans.
At what price were the Ingevity (NGVT) deferred stock units valued in the grant?
The 397 deferred stock units were valued using a reference price of $72.58 per share. This price is used for reporting the grant on the Form 4 and reflects the award’s per-unit valuation for compensation purposes.
When will Kevin J. Willis receive Ingevity (NGVT) common stock for these deferred stock units?
The deferred stock units will convert into an equal number of Ingevity common shares upon Kevin J. Willis’s termination of board service. This settlement timing is governed by the company’s Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan.