NGVT.NYSEIngevity CORP

Form 4: Ingevity Corp Executive Phillip John Platt Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Phillip John Platt, SVP, Finance & CAO of Ingevity Corp, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations, along with a new grant of RSUs.

Summary

  • On February 28, 2025, Phillip John Platt, SVP, Finance & CAO of Ingevity Corp, had shares withheld to cover tax obligations related to vesting restricted stock units (RSUs) from 2022, 2023 and 2024.
  • A total of 107, 225, 410 and 115 shares were withheld at a price of $47.66 per share.
  • Platt was also granted 2,655 RSUs which will vest in three equal installments on February 28, 2026, 2027, and 2028.
  • Following these transactions, Platt beneficially owns 29,687 shares of Ingevity Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation.

Positives

  • The grant of 2,655 RSUs to Platt indicates continued investment in the company's leadership.

Future Outlook

The granted RSUs will vest in three equal installments on February 28, 2026, 2027, and 2028.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

DateDescription
02/28/2025Vesting of 2022, 2023 and 2024 restricted stock units and shares withheld for tax obligations.
02/28/2026First vesting installment of new RSU grant.
02/28/2027Second vesting installment of new RSU grant.
02/28/2028Third vesting installment of new RSU grant.
03/04/2025Date of Form 4 filing.

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