Form 4: Ingevity Corp Director Benjamin G. Wright Acquires Deferred Stock Units

Director Benjamin G. Wright acquired 2,800 deferred stock units (DSUs) of Ingevity Corp on April 24, 2024, electing to receive them in lieu of a restricted stock unit grant.

Summary

• On April 24, 2024, Benjamin G. Wright, a director of Ingevity Corp, acquired 2,800 deferred stock units (DSUs).
• These DSUs were granted in lieu of the annual non-employee director restricted stock unit grant.
• The DSUs will vest on April 24, 2025.
• They will settle into an equal number of shares of Ingevity Corp's common stock upon Wright's termination of board service.
• Following the transaction, Wright beneficially owns 5,987 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. It's neither particularly positive nor negative, hence a neutral to slightly positive sentiment.

Future Outlook

The deferred stock units will vest on April 24, 2025, and will settle into shares of common stock upon the director's termination of board service.

Industry Context

This Form 4 filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests through increased equity ownership.

Key Dates