Ingevity Corp (NYSE: NGVT) CFO reports tax-related share withholding
Rhea-AI Filing Summary
Ingevity Corp reports that SVP and Chief Financial Officer Phillip John Platt had 3,294 shares of common stock withheld by the company on July 24, 2026 at $73.26 per share to satisfy tax withholding obligations on vested restricted stock units, leaving 28,339 shares held directly.
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Insights
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Insider Trade Summary
Net Seller: 3,294 shares
Net Sell
1 txn
Insider
PLATT PHILLIP JOHN
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,294 | $73.26 | $241K |
Holdings After Transaction:
Common Stock — 28,339 shares (Direct)
Footnotes (1)
- F1. Shares withheld by the Company to satisfy tax withholding obligations related to the restricted stock units that vested on July 24, 2026.
Key Figures
Shares withheld for taxes: 3,294 shares
Implied price per share: $73.26 per share
Shares held after transaction: 28,339 shares
+1 more
4 metrics
Shares withheld for taxes
3,294 shares
Shares withheld on July 24, 2026 to satisfy tax obligations on vested restricted stock units
Implied price per share
$73.26 per share
Per-share amount used for the tax-withholding disposition of common stock
Shares held after transaction
28,339 shares
Common shares held directly by Phillip John Platt following the withholding
Transaction date
July 24, 2026
Date restricted stock units vested and related tax-withholding share disposition occurred
Key Terms
restricted stock units, tax withholding obligations, shares withheld
3 terms
restricted stock units financial
"related to the restricted stock units that vested on July 24, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations related to the restricted stock units"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Ingevity (NGVT) report for CFO Phillip John Platt?
SVP and CFO Phillip John Platt had 3,294 Ingevity common shares withheld by the company on July 24, 2026 to cover tax obligations from vested restricted stock units, resulting in a remaining direct holding of 28,339 shares.
Was the Ingevity (NGVT) CFO’s transaction under a Rule 10b5-1 trading plan?
The Rule 10b5-1 trading-plan checkbox for this insider report was not checked. The associated footnote explains the event arose from company share withholding to satisfy tax obligations on restricted stock units that vested on July 24, 2026.