Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 42

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 42
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 “double trigger” vesting of any LTIP awards that qualify as replacement awards in connection with a change of control, as described under the heading “Severance and Change of Control Agreements.” For 2024, the awards granted annually under the Company’s LTIP were delivered in two forms, as described below.

| Type     
 of Award 
 PSUs     | Vesting                                                                                                                    
 and Payment Terms                                                                                                          
 PSUs vest upon certification by the T&C Committee of the achievement of certain pre-determined performance targets         
 over a one-year performance period, provided the recipient meets the requisite terms, including continued service. Payouts 
 depend on the level of achievement of the performance targets set by the T&C Committee for the performance period. Any     
 PSUs earned will vest on the third anniversary of the grant date and payouts may be modified +/-25% by the Company’s       
 rTSR performance over such three-year period. The performance metrics and targets and the rTSR modifier are described      
 below.                                                                                                                     |
|:---------|:---------------------------------------------------------------------------------------------------------------------------|
| RSUs     | RSUs granted for the annual LTIP opportunity vest ratably in three annual increments beginning on the first anniversary    
 of the grant date, provided the recipient meets the terms, including continued service.                                    |

The target values of individual NEO awards are expressed as a percentage of base compensation and are set early each year by the T&C Committee. The number of RSUs and PSUs awarded is based on the closing price of the Company’s Common Stock on the grant date. The table below shows the target annual LTIP award values granted for fiscal year 2024 for each of the NEOs.

| NEO(1)         |     |   | PSUs (at Target) |     |   |      RSUs |     |   | Total Value* |
|:---------------|:----|:--|-----------------:|:----|:--|----------:|:----|:--|-------------:|
| Ms. Hall       |     | $ |          612,005 |     | $ |   575,382 |     | $ |    1,187,387 |
| Mr. Woodcock   |     | $ |          427,530 |     | $ |   416,529 |     | $ |      844,059 |
| Mr. White      |     | $ |          414,039 |     | $ |   372,844 |     | $ |