Form 4: Ingevity Corp Executive Richard Allen White JR Reports Changes in Beneficial Ownership

Richard Allen White JR, SVP and President of Performance Chemicals at Ingevity Corp, reports the vesting of restricted stock units and associated tax withholding, along with a new grant of RSUs.

Summary

• On February 28, 2025, Richard Allen White JR, an officer at Ingevity Corp, had restricted stock units (RSUs) vest.
• The company withheld shares to cover tax obligations related to the vesting of 2022, 2023, and 2024 RSUs.
• Specifically, 167, 374, 621 and 218 shares were withheld at a price of $47.66 per share.
• White also received a grant of 7,456 RSUs under the Ingevity Corporation 2016 Omnibus Incentive Plan.
• These new RSUs will vest in three equal installments on February 28, 2026, 2027, and 2028.
• Following these transactions, White directly owns 21,076 shares of common stock.

Sentiment

Score: 6

Explanation: The document primarily reflects routine transactions related to executive compensation. The grant of RSUs is a positive sign, but the overall sentiment is neutral.

Positives

• Richard Allen White JR received a grant of 7,456 RSUs, indicating continued investment in the company's leadership.
• The vesting schedule of the new RSUs (February 2026, 2027, and 2028) suggests a long-term commitment from the executive.

Future Outlook

The executive's continued holding of shares and the vesting schedule of the new RSUs suggest a positive outlook for the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs and subsequent tax withholding is a common practice in executive compensation.

Stakeholder Impact

• The transactions reported in the Form 4 filing have a minimal direct impact on stakeholders.
• The vesting of RSUs and the grant of new RSUs align executive interests with those of shareholders.

Key Dates