Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 36

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 36
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 industry and business characteristics;                                          |
| iii. | location and geographic reach, including global operations and/or distribution; |
| iv.  | competition for talent;                                                         
 and                                                                             |
| v.   | data availability.                                                              |

The T&C Committee generally targets compensation commensurate with the market median based on our Comparative Compensation Data. Compensation decisions also take into account other relevant factors, including an executive’s role and responsibilities, performance, the importance of the executive’s contributions towards meeting the Company’s goals and objectives, experience and tenure, internal pay equity, special hiring situations, retention concerns, and other relevant factors.

| 52 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis 2024 Executive Compensation In Detail The peer group is reviewed periodically for appropriateness and comparability. The T&C Committee and the Compensation Consultant undertook an extensive review of the peer group composition in April 2023 which included an analysis of the peer group companies’ businesses, revenues, and relative performance. As a result of this review, the T&C Committee approved the peer group set forth below for the purpose of setting 2024 compensation. The T&C Committee together with the Compensation Consultant most recently reviewed peer group composition in October 2024 and determined that the current peer group continues to be comparable to the Company on a variety of relevant metrics, including those set forth above. As a result of this review, no changes were made to the peer group.

| AdvanSix Inc.         | Innospec Inc.               |
| Ashland Inc.          | Koppers Holdings Inc.       |
| Avient Corp.          | Mativ Holdings, Inc.        |
| Balchem Corp.         | Minerals Technologies Inc.  |
| Cabot Corp.           | Orion S.A.                  |
| Ecovyst Inc.          | Quaker Chemical Corp.       |
| Element Solutions Inc | Sensient Technologies Corp. |
| H.B. Fuller Co.       | Stepan Co.                  |
| Hexcel Corp.          | Tronox Holdings             |

2024 Executive Compensation In Detail When taken as a whole, along with other elements of our executive compensation program, the pay elements described below are intended to provide a level of compensation sufficient to attract and retain an effective management team, while being generally targeted to the market median based on our Comparative Compensation Data. In addition, our compensation program is designed to discourage excessive risk-taking by using differentiated long-term equity instruments, multiple performance metrics, short