Ingevity (NGVT) SVP receives PSU share grant and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp senior vice president Clarence Reid Clontz Jr. reported performance-based equity compensation activity involving company common stock. On February 26, 2026, he acquired 187 shares of common stock at $0.00 per share as a grant related to performance-based restricted stock awards (PSUs) whose performance goals were certified and settled in stock.
On the same date, 69 shares were disposed of at $70.52 per share through shares withheld by the company to cover tax withholding obligations tied to the PSU vesting, rather than an open-market sale. After these transactions, he directly held 7,363 common shares, which includes 216 shares previously purchased through the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clontz Clarence Reid Jr.
Role
SVP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 187 | $0.00 | -- |
| Tax Withholding | Common Stock | 69 | $70.52 | $5K |
Holdings After Transaction:
Common Stock — 7,432 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 216 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 October 1, 2025 to December 31, 2025. In accordance with the terms of the ESPP, these shares were purchased at a price equal to 85% of the closing price of 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 transactions did Ingevity (NGVT) report for Clarence Reid Clontz Jr.?
Ingevity reported that SVP Clarence Reid Clontz Jr. received 187 common shares as a performance-based stock grant. On the same day, 69 shares were withheld by the company to satisfy tax obligations related to those vesting performance stock units.
What triggered the stock grant to Ingevity (NGVT) SVP Clarence Reid Clontz Jr.?
The grant followed certification of performance goals for certain performance-based restricted stock awards. On February 26, 2026, the compensation committee certified goal attainment, and the performance stock units were settled in Ingevity common shares, resulting in a 187-share grant.