Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 57

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 57
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| (10) | Under the Cash Retention Award Agreements, applicable NEOs will vest in 100% of their cash awards upon an involuntary termination other than for cause or in the event of a change of control resulting in a termination of employment within two years of the change of control. In the event of a death or disability absent a change of control, the applicable NEOs will receive a pro-rata portion of the Cash Retention Award based on the number of months served through the date of the death or disability. Applicable NEOs will receive no portion of the Cash Retention Award in the event of a voluntary termination by the NEO absent cause, including in the event of a voluntary termination due to retirement. No Cash Retention Award amount is shown for Mr. White because, although his Cash Retention Award was approved by the T&C Committee in December 2024, it was not granted until January 2025. For additional information, see the Form of Service-Based Cash Award under the Ingevity Corporation 2016 Omnibus Incentive Plan–2025 Executive Team filed as Exhibit 10.78 to the Company’s Annual Report on Form 10-K filed with the SEC on February 19, 2025. |

CEO Pay Ratio—2024 In accordance with SEC rules, we are providing the ratio of the annual total compensation of our Chief Executive Officer to the annual total compensation of the Company’s median employee. We had two CEOs during fiscal year 2024, Mr. Fortson and Mr. Fernandez-Moreno. SEC rules permit us to either (i) calculate and combine the compensation provided to each CEO for service as CEO in fiscal year 2024; or (ii) annualize the compensation of the CEO serving on the date selected to identify the median employee. We have elected to use option (ii) and have calculated the annualized compensation for full fiscal year 2024 of Mr. Fernandez-Moreno, the CEO serving on December 31, 2024, which is the date we used to determine our median employee. The ratio is a reasonable estimate calculated in a manner consistent with SEC rules and the methodology described below. We calculated each employee’s annual total cash compensation as of December 31, 2024 to identify our median employee. The following pay elements were included in determining the annual total cash compensation for each employee.

| ■ | Salary, base wages and/or overtime received (as applicable)                                  |
| ■ | Annual incentive payments received for performance in the 202