Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 58

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 58
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collectively, the “Authorized Plan Shares”). Upon the New Plan Effective Date, the Company will cease granting awards under the Existing Plan, however, any outstanding awards under the Existing Plan as of the New Plan Effective Date will remain outstanding in accordance with their terms and will continue to be governed solely by the terms of the documents evidencing such awards, and no provision of the 2025 Omnibus Plan will be deemed to affect or otherwise modify the rights or obligations of the holders of such awards. Key Considerations for Requesting Additional Shares In determining the number of shares to be authorized under the 2025 Omnibus Plan, the Board and the T&C Committee considered the following principal factors:

| ■ | Number of Shares Available for Grant under Existing Plan: As of March 1, 2025, 1,320,347 shares remained available for issuance under the Existing Plan. If the Company is unable to grant competitive equity awards, it may be required to offer additional cash-based incentives to replace equity as a means of competing for or retaining key talent. An inability to attract and retain key talent through competitive compensation could impact the Company’s execution of its strategy and hamper the Company’s ability to achieve its goals. |
| ■ | Employee Engagement and Alignment with Stockholder Objectives: The Board and the Committee believe that equity ownership by Company employees has a direct correlation to increased employee engagement, which can help keep focus on execution of corporate strategy. In addition, employees with equity are aligned with our other stockholders in a desire to achieve results that drive stockholder value.                                                                                                                                       |
| ■ | Compensation Philosophy: Delivering a significant portion of total compensation in the form of equity is part of our executive compensation philosophy of paying for performance and aligning NEO compensation with stockholder interests.                                                                                                                                                                                                                                                                                                           |

| INGEVITY  |  2025 
 Proxy Statement   | 91 |

Proposal 4 Description of Principal Features of the 2025 Omnibus Plan Overhang and Dilution.The table below sets forth information regarding the overhang, or potential stockholder dilution, and dilution rates as of December 31, 2024, 2023 and 2022 and updated as of March 1, 2025.

| Available for Issuance (2016 Omnibus Incentive Plan) |     |          Potential 
           Dilution 
 as of December 31, 
               2024 
          1,817,417 |     | Potential Dilution 
     as of March 1,