Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 70

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 70
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 amount the participant paid for such shares, if any. If the election is made, the participant will not be allowed a deduction for the value of any shares which may be subsequently forfeited. Special rules apply to the receipt and disposition of restricted shares received by officers and directors who are subject to Section 16(b) of the Exchange Act. Ingevity will be able to deduct, at the same time as it is recognized by the participant, the amount of taxable compensation to the participant for U.S. federal income tax purposes, but such deduction may be limited under Sections 280G and 162(m) of the Code for compensation paid to certain executives designated in those Sections.

| INGEVITY  |  2025 
 Proxy Statement   | 97 |

Proposal 4 Recommendation of the Board Restricted Stock Units A participant will not be subject to tax upon the grant of a restricted stock unit award. Rather, upon the delivery of shares or cash pursuant to a restricted stock unit award, the participant will have taxable compensation equal to the fair market value of the number of shares (or the amount of cash) the participant actually receives with respect to the award. Ingevity will be able to deduct the amount of taxable compensation to the participant for U.S. federal income tax purposes, but the deduction may be limited under Sections 280G and 162(m) of the Code for compensation paid to certain executives designated in those Sections. Plan Benefits Because awards under the 2025 Omnibus Plan are determined by the Committee in its discretion, it is not possible to predict the awards that will be made to particular employees or non-employee directors in the future. Vote Required An affirmative vote of the majority of the shares of Common Stock present in person or represented by proxy at the Annual Meeting and entitled to vote on this proposal is required to approve the 2025 Omnibus Plan. Recommendation of the Board

| THE BOARD RECOMMENDS                                
 A VOTE “FOR” THE APPROVAL OF THE 2025 OMNIBUS PLAN. |

| 98 | INGEVITY  |  2025 
 Proxy Statement   |

Ownership of Equity Securities Principal stock owners The following table lists any person (including any “group” as that term is used in Section 13(d)(3) of the Exchange Act) who, to our knowledge, was the beneficial owner as of February 26, 2025, of more than 5% of our outstanding Common Stock.

| Name and Address of Beneficial Owner  |