Ingevity (NGVT) SVP Michael Shukov granted 1,389 restricted stock units
Rhea-AI Filing Summary
Ingevity Corp senior executive receives equity award. SVP and President, APT, Michael N. Shukov acquired 1,389 shares of Ingevity common stock on a grant basis, with no cash paid per share. The award is in the form of restricted stock units under the Ingevity Corporation 2025 Omnibus Incentive Plan.
The units will vest in three equal installments on February 27, 2027, February 27, 2028, and February 27, 2029, aligning the executive’s compensation with longer-term company performance through time-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,389 shares
Net Buy
1 txn
Insider
Shukov Michael N.
Role
SVP and Pres, APT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,389 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,389 shares (Direct)
Footnotes (1)
- F1. 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.
FAQ
What did Ingevity (NGVT) executive Michael Shukov report on this Form 4?
Michael N. Shukov reported receiving an equity award of 1,389 Ingevity common shares as a grant of restricted stock units. The award is part of his compensation and was made under the Ingevity Corporation 2025 Omnibus Incentive Plan.
When will Michael Shukov’s Ingevity (NGVT) restricted stock units vest?
Michael Shukov’s restricted stock units will vest in three equal installments on February 27, 2027, February 27, 2028, and February 27, 2029. This time-based vesting schedule ties the award to his continued service over multiple years.
What plan governs Michael Shukov’s Ingevity (NGVT) equity grant?
The equity grant to Michael Shukov is issued under the Ingevity Corporation 2025 Omnibus Incentive Plan. This plan authorizes grants of restricted stock units and other awards intended to align executive compensation with company performance and shareholder interests.
Is Michael Shukov’s Ingevity (NGVT) Form 4 transaction a buy or a grant?
The transaction is a grant of restricted stock units, not an open-market share purchase. It is classified as an acquisition through a grant or award, with a reported price of $0.0000 per share and time-based vesting conditions attached.
AI-generated analysis. How Rhea-AI works. Not financial advice.