Ingevity (NGVT) director receives 328 DSUs in lieu of board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp director Francis David Segal reported an acquisition of 328 shares of Common Stock, recorded as a grant or award valued at $72.58 per share. Following this award, his direct holdings increased to 8,612 shares.
According to the footnote, the 328 vested deferred stock units were granted under Segal’s election to receive DSUs instead of quarterly director fees. These DSUs will convert into an equal number of Ingevity common shares when his board service ends, under the company’s deferred compensation and 2025 omnibus incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Segal Francis David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 328 | $72.58 | $24K |
Holdings After Transaction:
Common Stock — 8,612 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Director grant size: 328 shares
Grant price: $72.58 per share
Post-transaction holdings: 8,612 shares
3 metrics
Director grant size
328 shares
Grant/award acquisition of Common Stock equivalents
Grant price
$72.58 per share
Valuation used for the 328-share award
Post-transaction holdings
8,612 shares
Total direct Ingevity Common Stock holdings after grant
Key Terms
deferred stock units, Non-Employee Director Deferred Compensation Plan, 2025 Omnibus Incentive Plan, Form 4
4 terms
deferred stock units financial
"Represents vested deferred stock units ("DSUs") granted pursuant to the reporting person's election"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Non-Employee Director Deferred Compensation Plan financial
"upon the reporting person's termination of board service pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan"
2025 Omnibus Incentive Plan financial
"pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan, as amended"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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) director Francis David Segal report?
Francis David Segal reported receiving 328 vested deferred stock units, treated as Common Stock, at $72.58 per share. This grant is compensation-related rather than an open-market purchase, and it increased his direct holdings to 8,612 Ingevity shares.
What are the deferred stock units (DSUs) granted to Ingevity (NGVT) director Segal?
The DSUs are vested deferred stock units granted because Segal chose DSUs instead of quarterly director fees. Each DSU will settle into one share of Ingevity Common Stock when his board service terminates, under the company’s deferred compensation and 2025 omnibus incentive plans.