Ingevity Corp (NGVT) CFO has 1,698 shares withheld to cover RSU taxes
Rhea-AI Filing Summary
Ingevity Corp officer Phillip John Platt, SVP and Chief Financial Officer, reported a Form 4 transaction involving company common stock. On 2026-08-10, 1,698 shares were withheld by the company at $77.04 per share to satisfy tax withholding obligations related to 2024 restricted stock units that vested. Following this tax-withholding disposition, Platt’s directly held common stock position is 26,641 shares.
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Insights
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Insider Trade Summary
Net Seller: 1,698 shares
Net Sell
1 txn
Insider
PLATT PHILLIP JOHN
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,698 | $77.04 | $131K |
Holdings After Transaction:
Common Stock — 26,641 shares (Direct)
Footnotes (1)
- F1. Shares withheld by the Company to satisfy tax withholding obligations related to the 2024 restricted stock units that vested.
Key Figures
Shares withheld for tax: 1,698 shares
Per-share value of withheld shares: $77.04 per share
Shares held after transaction: 26,641 shares
3 metrics
Shares withheld for tax
1,698 shares
Common stock withheld on 2026-08-10 to satisfy tax withholding obligations
Per-share value of withheld shares
$77.04 per share
Price used to report the 1,698 withheld shares for tax withholding
Shares held after transaction
26,641 shares
Directly held Ingevity common stock by Phillip John Platt after withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"related to the 2024 restricted stock units that vested"
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 2024 restricted"
Form 4 regulatory
"reported a Form 4 transaction involving company common stock"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Ingevity (NGVT) report for Phillip John Platt?
Ingevity reported that SVP and CFO Phillip John Platt had 1,698 common shares withheld on 2026-08-10. The shares were used to cover tax withholding obligations from vested 2024 restricted stock units.
Was the Ingevity (NGVT) insider transaction a market sale or a tax withholding?
The reported transaction was a tax-withholding disposition, not an open-market sale. 1,698 shares of common stock were withheld by Ingevity to satisfy tax obligations related to vested restricted stock units.
What does transaction code F mean in the Ingevity (NGVT) Form 4 filing?
Transaction code F indicates shares delivered or withheld for payment of exercise price or tax liability. In this case, Ingevity withheld 1,698 shares from Phillip John Platt to cover tax obligations from vested RSUs.
Is the Ingevity (NGVT) Form 4 transaction associated with a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not checked. There is no footnote stating that the 1,698-share tax-withholding transaction was executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.