Form 4: Ingevity Corp Director Benjamin G. Wright Reports Acquisition and Disposal of Common Stock

Director Benjamin G. Wright reports acquisition of 4,057 deferred stock units and disposal of 10,044 common stock shares.

Summary

• On May 1, 2025, Benjamin G. Wright, a director of Ingevity Corp, reported acquiring 4,057 deferred stock units (DSUs) and disposing of 10,044 shares of common stock.
• The DSUs were granted in lieu of the annual non-employee director restricted stock unit grant.
• These DSUs will vest on May 1, 2026, and will settle into an equal number of shares upon termination of board service.
• Wright also granted a Limited Power of Attorney to Ryan C. Fisher and Mavis G. Huger, and any duly appointed Corporate Secretary of Ingevity Corporation, to handle SEC reporting requirements.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing, indicating standard transactions and legal arrangements. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The deferred stock units will vest on May 1, 2026, and settle into common stock upon termination of board service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The grant of deferred stock units aligns director compensation with the company's long-term performance.

Next Steps

• The deferred stock units will vest on May 1, 2026.
• The reporting person will receive shares of Ingevity Corp common stock upon termination of board service.

Key Dates

Keywords

Form 4, Ingevity Corp, Director, Beneficial Ownership, Deferred Stock Units, Common Stock, SEC, Reporting, Power of Attorney