Form 4: Ingevity Corp Executive Stuart Edward Woodcock Jr. Reports Changes in Beneficial Ownership

Stuart Edward Woodcock Jr., EVP and President of Performance Materials at Ingevity Corp, reports changes in beneficial ownership due to vesting of restricted stock units and associated tax withholding.

Summary

• On February 28, 2025, Stuart Edward Woodcock Jr., an executive at Ingevity Corp, reported changes in his beneficial ownership of the company's common stock.
• These changes are primarily due to the vesting of restricted stock units (RSUs) from 2022, 2023 and 2024.
• A portion of the shares were withheld by the company to satisfy tax withholding obligations.
• Woodcock also received a grant of 7,759 RSUs that will vest in three equal installments on February 28, 2026, 2027, and 2028.
• Following these transactions, Woodcock directly owns 39,267 shares of Ingevity Corp common stock.

Sentiment

Score: 6

Explanation: The document is a routine filing related to executive compensation. It doesn't contain any particularly positive or negative news, hence a neutral sentiment score.

Positives

• The grant of 7,759 RSUs to Woodcock indicates a continued investment in his role and the company's future.

Future Outlook

The executive's future compensation includes the vesting of RSUs in 2026, 2027, and 2028.

Industry Context

Executive compensation through stock options and RSUs is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSUs, are standard practice among publicly traded companies like Ingevity.
• Companies such as Celanese and Eastman Chemical, which operate in similar sectors, also utilize equity-based compensation to incentivize their executives.

Stakeholder Impact

• The vesting of RSUs and subsequent increase in shares owned by the executive aligns his interests with those of shareholders.

Key Dates