Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 34

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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1)$— $(0.1)_______________(1) Included within "Net sales" on the condensed consolidated statements of operations.(2) Included within "Cost of sales" on the condensed consolidated statements of operations.Share RepurchasesOn July 25, 2022, our Board of Directors authorized the repurchase of up to $500.0 million of our common stock (the "2022 Authorization"), and rescinded the prior outstanding repurchase authorization with respect to the shares that remained unused under the prior authorization. Shares under the 2022 Authorization may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market prevailing conditions and other factors, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.During the three and nine months ended September 30, 2025, we repurchased $25.2 million, inclusive of $0.2 million in excise tax, in common stock, representing 445,724 shares of our common stock at a weighted average cost per share of $56.09. At September 30, 2025, $328.4 million remained unused under the 2022 Authorization.

During the three and nine months ended September 30, 2024, we repurchased no common stock. 

Note 11: Restructuring and Other (Income) Charges, net

Detail on the restructuring charges and other (income) charges, net, is provided below.Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Restructuring charges$1.0 $2.0 $10.1 $3.4 Other (income) charges, net— 1.3 — 4.9 Total Restructuring and other (income) charges, net$1.0 $3.3 $10.1 $8.3 

21

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsSeptember 30, 2025(Unaudited)

Restructuring ChargesIn millionsSeverance and other employee-related costsOther charges (income) (1)Asset disposal chargesTotalPerformance Chemicals repositioning$— $0.7 $— $0.7 Other (2)0.1 0.2 — 0.3 Three Months Ended September