Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 52

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 52
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 Committee reviews Ingevity’s executive and non-executive compensation programs to assess whether they encourage or create excessive risk-taking not in the best interest of the Company or its stockholders. The most recent assessment occurred in October 2024. In conducting this assessment, the T&C Committee reviewed various components and design features of all of the Company’s executive and non-executive plans and programs as presented by management and the Compensation Consultant and analyzed them in the context of risk mitigation. Management and the Compensation Consultant presented their conclusions to the T&C Committee, which were that Ingevity’s compensation arrangements are not constructed or administered in a way that is likely to create risks that could materially and adversely affect the Company. Among the factors considered in the assessment and reviewed by the T&C Committee were:

| n | the balance of the Company’s overall program design, including the mix of cash and equity compensation;                       |
| n | the mix of fixed and variable compensation;                                                                                   |
| n | the balance of short-term and long-term objectives of our incentive compensation;                                             |
| n | the performance metrics, performance targets, threshold performance requirements, and capped payouts related to our incentive 
 compensation;                                                                                                                 |
| n | the Company’s share ownership guidelines, including share ownership levels, retention practices, and prohibitions             
 on hedging and other derivative transactions related to Ingevity stock;                                                       |
| n | the T&C Committee’s ability to exercise discretion regarding the amount of the annual and long-term incentive                 
 awards;                                                                                                                       |
| n | the existence of a clawback policy; and                                                                                       |
| n | internal controls and oversight structures in place at the Company.                                                           |

Based on its review, the T&C Committee’s deliberations, and such other matters as the T&C Committee deemed relevant, the T&C Committee believes Ingevity’s well-balanced mix of salary and short-term and long-term incentives, as well as the performance metrics that are included in the incentive programs, are appropriate and consistent with the Company’s risk management practices and overall strategies. Tax and accounting considerations The T&C Committee considers tax and accounting considerations in structuring our executive compensation program. Section 162(m) of the Code generally disallows tax deductions for compensation paid by public companies to certain executive officers for compensation over $1 million in any year. Nonetheless, the T&C Committee believes that stockholder interests are best served if the T&C Committee’s discretion and flexibility in awarding compensation are not restricted, even though some compensation awards may result in non