Form 4: Ingevity Corp CEO John C. Fortson Reports Stock Transaction
SEC Form 4 Filing
Ingevity Corp's CEO, John C. Fortson, reported the disposal of 1,377 shares of common stock to cover tax obligations related to vested RSUs.
Summary
- On February 26, 2024, John C. Fortson, the President and CEO of Ingevity Corp, disposed of 1,377 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 2021 Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $48.11 per share.
- Following the transaction, Fortson directly owns 105,793 shares of Ingevity Corp.
- The transaction was reported on February 28, 2024.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested RSUs, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock transaction (disposal of shares). |
| 02/28/2024 | Date of Form 4 filing. |
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