Ingevity SVP Fisher Reports Routine RSU Tax Withholding on Form 4
Rhea-AI Filing Summary
Ingevity Corporation (NGVT) – Form 4 Insider Filing: Senior Vice President, General Counsel & Secretary Ryan C. Fisher reported a transaction dated 7 July 2025. The filing shows a Code F transaction in which 169 shares of common stock were withheld by the company at a price of $45.34 per share to cover tax obligations arising from the vesting of 2024 restricted stock units (RSUs). After the withholding, Fisher’s direct ownership stands at 14,758 NGVT shares. No derivative securities activity was reported, and there were no open-market purchases or sales.
Because Code F transactions are non-discretionary, cashless, and executed solely for tax-withholding, they typically carry limited market signaling value. The ownership reduction equals roughly -1.1% of Fisher’s previously held shares, a de-minimis change that is unlikely to materially affect investor perception of insider sentiment or the company’s share supply.
Positive
- None.
Negative
- Insider share count decreased by 169 shares due to tax-withholding, representing a small dilution of insider ownership.
Insights
TL;DR: Routine tax-withholding; negligible impact on NGVT valuation.
This Form 4 reflects a standard Rule 10b5-1 Code F withholding of 169 shares tied to vested RSUs. No elective buying or selling occurred, so the transaction does not signal insider views on valuation. Fisher retains 14,758 shares, implying continued equity alignment. The share count involved (<1.2% of his holdings; <0.001% of shares outstanding) is too small to influence float or liquidity. I classify the filing as neutral for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 169 | $45.34 | $8K |
Footnotes (1)
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