Ingevity (NGVT) director granted 398 deferred stock units in lieu of fees
Rhea-AI Filing Summary
Ingevity Corp director J. Kevin Willis reported an equity award of 398 shares of Common Stock on Form 4. The award reflects vested deferred stock units elected in lieu of quarterly director fees at an implied price of $72.28 per share. Following this grant, Willis directly holds 9,177 shares. These deferred stock units will convert into an equal number of Ingevity common shares when his board service ends under the company’s Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan.
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Insights
Routine director equity compensation through deferred stock units, not an open-market trade.
Director J. Kevin Willis received an award of 398 shares of Ingevity Common Stock, reported at $72.28 per share. The filing states this represents vested deferred stock units granted because he chose equity instead of cash for quarterly director fees.
These deferred stock units will settle into an equal number of common shares when his board service ends, under Ingevity’s Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan. After the award, Willis directly holds 9,177 shares, indicating a modest, compensation-driven increase in his equity stake rather than a market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 398 | $72.28 | $29K |
Footnotes (1)
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Key Figures
Key Terms
deferred stock units financial
Non-Employee Director Deferred Compensation Plan financial
2025 Omnibus Incentive Plan financial
Form 4 regulatory
FAQ
What insider transaction did Ingevity (NGVT) director J. Kevin Willis report?
At what price were the Ingevity (NGVT) deferred stock units valued in the Form 4?
What are deferred stock units in the context of Ingevity (NGVT) director compensation?
When will Ingevity (NGVT) director deferred stock units reported in this Form 4 settle into shares?