Form 4: Ingevity Corp Executive Mary Dean Hall Reports Stock Transactions

Mary Dean Hall, EVP and CFO of Ingevity Corp, reports acquisition of 1,675 shares of common stock and disposition of 852 shares to cover tax obligations on vested performance-based restricted stock units (PSUs).

Summary

• On February 19, 2025, Mary Dean Hall, the EVP and Chief Financial Officer of Ingevity Corp, acquired 1,675 shares of common stock.
• These shares were obtained through the settlement of performance-based restricted stock units (PSUs) after the Talent and Compensation Committee certified the attainment of performance goals.
• On the same day, 852 shares were disposed of to satisfy tax withholding obligations related to the vested PSUs at a price of $48.26.
• Following these transactions, Hall directly owns 32,894 shares of Ingevity Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. The vesting of PSUs suggests positive performance, but the tax-related sale is a standard occurrence.

Positives

• The vesting of performance-based restricted stock units indicates that performance goals were met, which is a positive signal.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock awards and tax obligations.

Stakeholder Impact

• The vesting of PSUs and subsequent stock transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates

Keywords

Ingevity Corp, Mary Dean Hall, Form 4, Stock Transaction, PSUs, Executive Compensation, Beneficial Ownership