Company: NGVT
Filing Date: 2025-03-14
Form Type: PREC14A
Source: 0001539497-25-000939
Chunk: 33

Company: Ingevity Corp
Filing Date: 2025-03-14
Form: PREC14A
Chunk 33
---
 at any time during the year if it believes such a change would
be in the Company’s best interest.

The ratification of the appointment of PricewaterhouseCoopers LLP as Ingevity’s independent registered public accounting firm for 2025 requires the affirmative vote of the majority of the Shares present in person or represented by proxy at the Annual Meeting and entitled to vote on this proposal. Abstentions on Proposal 3 have the same effect as a vote against.

We recommend that you vote “FOR”
the ratification of the appointment of PricewaterhouseCoopers LLP as Ingevity’s independent registered public accounting firm for
2025.

| 24 |

<div align='center'>Proposal 4: APPROVAL OF INGEVITY CORPORATION 2025 OMNIBUS INCENTIVE PLAN</div>

Based on information contained in the Company’s proxy statement, it is expected that at the Annual Meeting the stockholders will be asked to approve the 2025 Omnibus Incentive Plan.

As stated in the Company’s proxy statement, on February 10, 2025, the Company’s Board adopted the Ingevity Corporation 2025 Omnibus Incentive Plan (the “ 2025 Omnibus Plan”), subject to approval by the Company’s stockholders. The 2025 Omnibus Plan will only become effective if it is approved by the Company’s stockholders at the Annual Meeting (the date of such approval being the “ New Plan Effective Date”).

The Company’s proxy statement indicates that the primary purpose of the 2025 Omnibus Plan is to reward selected corporate officers, key employees and non-employee directors of the Company (and its subsidiaries) by enabling them to acquire Shares of the Company and/or through the provision of long-term and short-term cash payments. The 2025 Omnibus Plan is designed to attract and retain employees and non-employee directors of the Company and to encourage a sense of proprietorship in the Company.

The Company’s proxy statement indicates that the Company currently has one active equity-based incentive plan, the Amended and Restated 2016 Omnibus Incentive Plan (the “ Existing Plan”). If approved by the Company’s stockholders, the 2025 Omnibus Plan will replace the Existing Plan. The 2025 Omnibus Plan will, among other things, allow the issuance of up to (a) [●] Shares, plus (b) the number of Shares that remain available for issuance under the Existing Plan immediately prior to the date