Ingevity (NGVT) director Kevin Willis receives 1,904 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp director Kevin J. Willis received an equity award of 1,904 deferred stock units. The grant reflects his election to take deferred stock units instead of the usual annual restricted stock unit grant for non-employee directors.
The deferred stock units will vest on April 30, 2027 and will convert into an equal number of Ingevity common shares when his board service ends, under the company’s Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan. After this award, he holds 11,081 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WILLIS J KEVIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,904 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,081 shares (Direct, null)
Footnotes (1)
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Key Figures
Deferred stock units granted: 1,904 units
Shares owned after transaction: 11,081 shares
Vesting date: April 30, 2027
3 metrics
Deferred stock units granted
1,904 units
Award to director Kevin J. Willis on April 30, 2026
Shares owned after transaction
11,081 shares
Common stock directly held by Kevin J. Willis after grant
Vesting date
April 30, 2027
Vesting date for the 1,904 deferred stock units
Key Terms
deferred stock units ("DSUs"), Amended and Restated Non-Employee Director Deferred Compensation Plan, 2025 Omnibus Incentive Plan, restricted stock unit grant
4 terms
deferred stock units ("DSUs") financial
"Represents a grant of deferred stock units ("DSUs") issued pursuant to the reporting person's election"
Amended and Restated Non-Employee Director Deferred Compensation Plan financial
"upon the reporting person's termination of board service pursuant to the issuer's Amended and Restated Non-Employee Director Deferred Compensation Plan"
2025 Omnibus Incentive Plan financial
"pursuant to the issuer's Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan"
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
restricted stock unit grant financial
"in lieu of the annual non-employee director restricted stock unit grant"
FAQ
What insider transaction did Ingevity (NGVT) disclose for director Kevin Willis?
Ingevity disclosed that director Kevin J. Willis received 1,904 deferred stock units as an equity award. He elected to receive these units instead of the standard annual restricted stock unit grant for non-employee directors under the company’s compensation and incentive plans.
How many Ingevity deferred stock units were granted to Kevin Willis?
Kevin Willis was granted 1,904 deferred stock units tied to Ingevity common stock. These units represent compensation for his board service and replace the typical annual restricted stock unit grant normally provided to non-employee directors under the company’s incentive and deferral programs.
When do Kevin Willis’s Ingevity deferred stock units vest and settle?
The 1,904 deferred stock units granted to Kevin Willis will vest on April 30, 2027. After vesting, they will settle into an equal number of Ingevity common shares upon his termination of board service, following the terms of the company’s director deferred compensation plan.
What plans govern Kevin Willis’s deferred stock units at Ingevity (NGVT)?
Kevin Willis’s deferred stock units are issued under Ingevity’s Amended and Restated Non-Employee Director Deferred Compensation Plan and its 2025 Omnibus Incentive Plan. These plans define vesting, settlement into common stock, and the structure of equity compensation for non-employee directors.