Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 43

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 43
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 be tied to a date that is more than one business day after the filing of our Form 10-K for the previous fiscal year and the Form 8-K that discloses the earnings for the applicable fourth quarter and full year. The T&C Committee has discretion to grant equity awards outside of the normal annual grant cycle, however, the T&C Committee does not have a policy or practice of granting equity awards, including stock option awards, in anticipation of the release of material, non-public information (“MNPI”), nor do we time the release of MNPI based on equity grant dates. The equity granting policy also prohibits the back-dating of awards. Other compensation and benefits Offer letters The Company has entered into an offer letter with each of the following NEOs regarding employment terms (“Offer Letters”): Mr. Fernandez-Moreno, Ms. Hall, Mr. White and Mr. Fisher. The Offer Letters generally list the compensation arrangements for the applicable NEO, including (as applicable) the STIP and LTIP details, details regarding sign-on or one-time equity or cash compensation, relocation benefits, and details on stock ownership guidelines and other applicable Company policies. Severance and change of control agreements The Company has a Severance and Change of Control agreement with each of the NEOs, except for Mr. Fernandez-Moreno. The purpose of the agreements is to ensure that Ingevity:

| (a) | offers benefits that provide an overall compensation package that is competitive         
 with that offered by other companies with which Ingevity competes for talent;            |
| (b) | can retain and rely upon the undivided focus of its senior executives during             
 and following a change of control; and                                                   |
| (c) | diminishes the inevitable distraction our NEOs will experience due to personal           
 uncertainties and risks created by the potential job loss following a change of control. |

The following is a summary of the benefits provided for upon termination under the Severance and Change of Control agreements. With regard to CEO benefits, the table below reflects the terms that were applicable under Mr. Fortson’s agreement.

| 62 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis Other compensation and benefits

| Involuntary                                                                    
 Termination by                                                                 
 Company other than for Cause                                                   
 and Absent a Change of Control                                                 |     | Involuntary                                                                                                                            
 Termination of Employment other                                                                                                        
 than for Cause, or Termination for Good Reason, in                                                                                     
 Each