Form 4: Ingevity Corp Executive Richard Allen White JR Reports Stock Transactions
SEC Form 4 Filing
Richard Allen White JR, SVP and President of Performance Chemicals at Ingevity Corp, reports acquisition and disposal of common stock related to performance-based restricted stock units (PSUs).
Summary
- On February 19, 2025, Richard Allen White JR, an officer at Ingevity Corp, reported transactions involving the company's common stock.
- White acquired 780 shares of common stock upon the vesting of performance-based restricted stock units (PSUs).
- The PSUs vested following certification of performance goal attainment by the Talent and Compensation Committee on February 19, 2025.
- 280 shares were withheld by Ingevity to cover tax obligations related to the PSU vesting at a price of $48.26.
- Following these transactions, White directly owns 15,000 shares of Ingevity Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a routine disclosure of stock transactions. There is no indication of positive or negative sentiment towards the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of transaction: Acquisition of 780 shares of common stock and disposal of 280 shares for tax obligations. |
| 02/19/2025 | Date of certification of performance goals for PSUs by the Talent and Compensation Committee. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Ingevity Corp, NGVT, Richard Allen White JR, Form 4, Stock Transaction, Performance-Based Restricted Stock Units, PSUs, Beneficial Ownership, Insider Trading
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