Ingevity (NGVT) SVP Richard White receives 1,634-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp senior executive Richard Allen White Jr., SVP and President of Performance Chemicals, reported stock-based compensation awards of common stock. On February 26, 2026, he acquired 1,204 shares at $0 per share and 430 shares at $70.52 per share as grant or award transactions. Footnotes explain that performance-based restricted stock units were certified and settled in common shares rather than cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
White Richard Allen JR
Role
SVP and Pres, Perf Chemicals
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,204 | $0.00 | -- |
| Grant/Award | Common Stock | 430 | $70.52 | $30K |
Holdings After Transaction:
Common Stock — 22,450 shares (Direct)
Footnotes (1)
- The Talent and Compensation Committee of the Company's board of directors certified the attainment of performance goals for certain performance-based restricted stock awards ("PSUs") effective February 26, 2026. The PSUs were settled with shares of common stock. Includes (i) 94 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 July 1, 2025 to September 30, 2025 (the "September ESPP Shares"), and (ii) 76 shares of Common Stock purchased pursuant to the ESPP for the purchase period of October 1, 2025 to December 31, 2025 (the "December ESPP Shares"). In accordance with the terms of the ESPP, the September ESPP Shares were purchased at a price equal to 85% of the closing price of Issuer's Common Stock on July 1, 2025 and the December ESPP Shares were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on October 1, 2025. Shares withheld by the Company to satisfy tax withholding obligations related to the PSUs that vested on February 26, 2026.
FAQ
What insider transaction did Ingevity (NGVT) executive Richard Allen White Jr. report?
Richard Allen White Jr. reported acquiring common stock through equity awards. On February 26, 2026, he received 1,204 shares at $0 and 430 shares at $70.52 per share as stock-based compensation grants and settlements.
Was the Ingevity (NGVT) Form 4 transaction a purchase or a compensation award?
The Form 4 reflects grant or award acquisitions, not open-market purchases. Both entries use transaction code “A,” indicating equity compensation, including settlement of performance-based restricted stock units into common shares.
What do the performance-based restricted stock units (PSUs) mean for Ingevity (NGVT) executive compensation?
The filing notes that the Talent and Compensation Committee certified performance goals for PSUs. These performance-based restricted stock units were then settled in Ingevity common shares, directly tying a portion of the executive’s compensation to performance outcomes.