Form 4: Ingevity Corp Executive Stuart Edward Woodcock Jr. Reports Stock Transactions
SEC Form 4 Filing
EVP Stuart Edward Woodcock Jr. of Ingevity Corp reports disposition of shares to cover tax obligations related to vested RSUs.
Summary
- On February 26, 2024, Stuart Edward Woodcock Jr., an Executive Vice President at Ingevity Corp, disposed of 283 and 3,192 shares of common stock to satisfy tax withholding obligations related to vested Restricted Stock Units (RSUs).
- The transactions were executed at a price of $48.11 per share.
- Following the transactions, Woodcock directly owns 24,403 shares of Ingevity Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of RSUs and the subsequent sale of shares to cover tax obligations, a common practice.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock transactions (disposal of shares). |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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