Ingevity (NYSE: NGVT) director receives 1,904 DSUs, holds 10,732 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp director Bruce D. Hoechner received a grant of 1,904 deferred stock units (DSUs) of Common Stock as equity compensation. The award was made in lieu of the annual non-employee director restricted stock unit grant and carries no cash exercise price.
The DSUs will vest on April 30, 2027 and will convert into an equal number of Ingevity Common Stock shares when his board service ends, under the company’s Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan. Following this grant, Hoechner directly holds 10,732 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoechner Bruce D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,904 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,732 shares (Direct, null)
Footnotes (1)
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Key Figures
Deferred stock units granted: 1,904 units
Shares held after transaction: 10,732 shares
Grant price per share: $0.0000 per unit
+1 more
4 metrics
Deferred stock units granted
1,904 units
Equity award to director Bruce D. Hoechner
Shares held after transaction
10,732 shares
Hoechner’s direct Common Stock holdings post-grant
Grant price per share
$0.0000 per unit
DSUs issued as compensation, no cash purchase
Vesting date
April 30, 2027
DSUs vest on this date under plan terms
Key Terms
deferred stock units, Non-Employee Director Deferred Compensation Plan, 2025 Omnibus Incentive Plan, restricted stock unit grant
4 terms
deferred stock units financial
"Represents a grant of deferred stock units ("DSUs") issued 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
"upon the reporting person's termination of board service pursuant to the issuer's Amended and Restated Non-Employee Director Deferred Compensation Plan"
2025 Omnibus Incentive Plan financial
"pursuant to the issuer's Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan"
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.
restricted stock unit grant financial
"in lieu of the annual non-employee director restricted stock unit grant"
FAQ
What insider transaction did Ingevity (NGVT) report for Bruce D. Hoechner?
Ingevity reported that director Bruce D. Hoechner received 1,904 deferred stock units of Common Stock as an equity award. The grant was made in lieu of his annual non-employee director restricted stock unit grant and involves no cash purchase price.
When do Bruce D. Hoechner’s Ingevity (NGVT) deferred stock units vest?
The 1,904 deferred stock units granted to Bruce D. Hoechner vest on April 30, 2027. Vesting means the award becomes fully earned at that date, subject to the terms of Ingevity’s Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan.
How will the Ingevity (NGVT) deferred stock units be settled for Bruce D. Hoechner?
Upon Bruce D. Hoechner’s termination of board service, his vested deferred stock units will settle into an equal number of Ingevity Common Stock shares. Settlement timing is tied specifically to the end of his service as a director under the company’s compensation plans.
What plans govern Bruce D. Hoechner’s Ingevity (NGVT) deferred stock unit grant?
The deferred stock unit grant to Bruce D. Hoechner is issued under Ingevity’s Amended and Restated Non-Employee Director Deferred Compensation Plan and its 2025 Omnibus Incentive Plan, which together define vesting, settlement mechanics, and other key award terms for non-employee directors.