Form 4: Ingevity Corp Director Karen G. Narwold Reports Acquisition of Deferred Stock Units

Director Karen G. Narwold acquired 2,800 deferred stock units (DSUs) of Ingevity Corp on April 24, 2024, as part of her director compensation.

Summary

• On April 24, 2024, Karen G. Narwold, 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, and will be settled into shares of Ingevity's common stock upon the termination of Narwold's board service.
• Following the transaction, Narwold beneficially owns 12,939 shares of Ingevity Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of DSUs reflects continued director engagement and investment in the company's future.

Future Outlook

The DSUs will vest on April 24, 2025, and will settle into an equal number of shares of the issuer's Common Stock upon the reporting person's termination of board service pursuant to the issuer's Non-Employee Director Deferred Compensation Plan and 2016 Omnibus Incentive Plan, as amended.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment with company performance.

Key Dates