Form 4: Ingevity Corp Executive Reports Stock Transaction

Richard Allen White JR, SVP and President of Performance Chemicals at Ingevity Corp, reports the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

• On July 1, 2024, Richard Allen White JR, SVP and President of Performance Chemicals at Ingevity Corp, had 191 shares of common stock withheld by the company to satisfy tax obligations.
• This was related to the vesting of 2021 restricted stock units.
• The price per share for the transaction was $42.18.
• Following the transaction, White directly owns 14,500 shares of Ingevity Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction related to tax obligations. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations, a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates