Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 44

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 44
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 guidelines align the long-term interests of our NEOs with those of our stockholders and discourage excessive risk-taking. Our guidelines require stock ownership levels as a value of Common Stock equal to a multiple of base salary. NEOs must retain 50% of net shares of Common Stock received under LTIP awards until the following stock ownership levels are met:

| Position                  | Required             
 Base Salary Multiple |
| CEO                       | 5x                   |
| Executive Vice Presidents | 3x                   |
| Senior Vice Presidents    | 2x                   |

In determining compliance with these guidelines, stock ownership includes fully-vested Common Stock and unvested RSUs. Unvested PSUs and vested but unexercised stock options are not included. Executives generally have five years from the date of their designation to achieve the targeted level of ownership. If the required level of ownership is not achieved within the first five years, the holding requirement increases from 50% to 100% of net shares of Common Stock received under LTIP awards until the ownership levels are met. As of December 31, 2024, Ms. Hall and Messrs. Fernandez-Moreno, White and Fisher are on track to achieve their target ownership levels in a timely manner. Mr. Woodcock was below the required ownership level as of December 31, 2024. Per our stock ownership guidelines, Mr. Woodcock’s gap in required ownership level is not a violation because he previously met the guidelines on a timely basis and the gap was due to a year over year decrease in stock price. Insider Trading Policy We have adopted an insider trading policythat governs the purchase, sale, and other transactions involving our securities by directors, officers, and employees that we believe is reasonably designed to promote compliance with insider trading laws, rules, and regulations, and the NYSE listing standards. Our insider trading policy also aligns with our commitment to ethical business conduct and compliance with laws. The full text of our insider trading policy is filed as Exhibit 19.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Anti-hedging Our insider trading policy also prohibits members of our Board, officers, and other employees from trading in options, warrants, puts and calls, or similar instruments involving Company securities or selling Company securities “short.” The policy also prohibits holding Company securities in margin accounts. Recoupment policy We maintain a compensation recoupment policy (“Clawback Policy”) covering our NEOs,