Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 57

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 57
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  |  2025 
 Proxy Statement   |

| PROPOSAL 4                       
 APPROVAL OF INGEVITY CORPORATION 
 2025 OMNIBUS INCENTIVE PLAN      |

| OUR BOARD RECOMMENDS                                 
 A VOTE FOR THE PROPOSED 2025 OMNIBUS INCENTIVE PLAN. |

On February 10, 2025, upon the recommendation of the T&C Committee of the Board (the “Committee”), the Board adopted the Ingevity Corporation 2025 Omnibus Incentive Plan (the “2025 Omnibus Plan”), subject to approval by our 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 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 common stock 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. We currently have one active equity-based incentive plan, the Amended and Restated 2016 Omnibus Incentive Plan (the “Existing Plan”). If approved by our 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) 425,000 shares of Common Stock, plus (b) the number of shares of Common Stock that remain available for issuance under the Existing Plan immediately prior to the date the stockholders of the Company approve the 2025 Omnibus Plan (1,320,347 shares as of March 1, 2025), plus (c) the number of shares of Common Stock underlying any equity awards previously granted under the Existing Plan as of the New Plan Effective Date that, on or after the New Plan Effective Date, are forfeited, terminated, expire or lapse without being exercised, or any awards that are settled for cash. The foregoing shares of Common Stock described under (a), (b) and (c), above, are the shares of Common Stock that will be available for issuance under the 2025 Omnibus Plan, subject to the adjustment provisions of that plan (