Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 51

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 51
---
 WestRock (the “WestRock Pension Plan”). The Retirement Restoration Plan was adopted by the Company to honor obligations under the Employee Matters Agreement between the Company and WestRock to pay certain assumed historic liabilities transferred as a result of the separation of WestRock and the Company. Mr. Woodcock and Mr. Fisher are the only NEOs who have a benefit under the Retirement Restoration Plan. None of our other NEOs currently accrues a benefit under this plan with respect to service with the Company.

| Name               |     | Plan Name                   |     | Number of 
     Years 
  Credited 
   Service 
       (#) |     | Present Value 
            of 
   Accumulated 
    Benefit(1) 
           ($) |     | Payments 
 During   
 Last     
 Fiscal   
 Year     
 ($)      |
| S. Edward Woodcock |     | Retirement Restoration Plan |     |     27.83 |     |       331,066 |     | —        |
| Ryan C. Fisher     |     | Retirement Restoration Plan |     |      9.75 |     |        36,788 |     | —        |

| (1) | The accumulated benefits included in this column were computed through                                                    
 December 31, 2024, using the assumptions stated in Note 14 to the Company’s audited consolidated financial statements     
 for the year ended December 31, 2024, included in the Company’s Annual Report on Form 10-K filed with the SEC on February 
 19, 2025.                                                                                                                 |

Understanding our Pension Benefits Table The WestRock Pension Plan (now frozen) provides an unreduced benefit payable at age 65 (or 62, if the employee has 20 years of service). The retirement benefit payable is equal to 1.6% of final average earnings (or pay) times years of benefit service (up to a maximum of 40 years), minus an employee’s primary social security benefit multiplied by 1.25% times years of benefit service (up to a maximum of 40 years of service). The formula is illustrated below: [1.6% x Years of Benefit x Final Average Pay] Service (up to 40) Less [1.25% x Years of Benefit x Primary Social Security Benefit] Service (up to 40) The Retirement Restoration Plan mirrors benefits provided under the WestRock Pension Plan following the same formula but recognizing compensation in excess of Code limits. Messrs Woodcock and Fisher, while participants in this plan, no