Form 4: Ingevity Corp Executive Phillip John Platt Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Phillip John Platt, CAO & VP, Bus Transform Lead at Ingevity Corp, disposed of 81 shares to cover tax obligations related to vested RSUs.
Summary
- On February 26, 2024, Phillip John Platt, CAO & VP, Bus Transform Lead at Ingevity Corp, disposed of 81 shares of common stock.
- The disposal was to satisfy tax withholding obligations related to the vesting of 2021 RSUs.
- The price per share was $48.11.
- Following the transaction, Platt directly owns 13,174 shares of Ingevity Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see if company leadership is buying or selling stock in their own companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock disposal and RSU vesting |
| 02/28/2024 | Date of signature on the Form 4 filing |
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