Form 4: Ingevity Corp Executive Richard Allen White JR Reports Stock Transaction

Richard Allen White JR, SVP and President of Performance Chemicals at Ingevity Corp, reports the disposal of 77 common stock shares to cover tax obligations related to vested RSUs.

Summary

• On February 26, 2024, Richard Allen White JR, SVP and President of Performance Chemicals at Ingevity Corp, disposed of 77 shares of common stock.
• The shares were disposed of to satisfy tax withholding obligations related to the vesting of 2021 Restricted Stock Units (RSUs).
• The transaction was executed at a price of $48.11 per share.
• Following the transaction, White directly owns 6,988 shares of Ingevity Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal following RSU vesting, a common practice among publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates