Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 53

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 53
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ized compensation for full fiscal year 2024 of Mr. Fernandez-Moreno, the CEO serving on December 31, 2024, which is the date we used to determine our median employee. The ratio is a reasonable estimate calculated in a manner consistent with SEC rules and the methodology described below. We calculated each employee’s annual total cash compensation as of December 31, 2024 to identify our median employee. The following pay elements were included in determining the annual total cash compensation for each employee.

| ■ | Salary, base wages and/or overtime received (as applicable)                                  |
| ■ | Annual incentive payments received for performance in the 2024 year                          |
| ■ | Other cash payments (including payments related to shift differential, holiday, or vacation) |

Our calculation includes all full-time, part-time and temporary employees of the Company and its subsidiaries (except the CEO) as of December 31, 2024. Our total U.S. and Non-U.S. employee population was 1,610 as of December 31, 2024. We applied a foreign currency exchange rate as of December 31, 2024 to all compensation elements paid in currencies other than U.S. Dollars. After calculating the annual total cash compensation described above for each employee, we removed Mr. Fernandez-Moreno from the listing and found the employee with the median total cash compensation. Once this individual was determined we calculated that employee’s annual total compensation in the same manner as the “Total Compensation” shown for Mr. Fernandez-Moreno in the “Summary Compensation Table.” Mr. Fernandez-Moreno’s reported compensation in the “Summary Compensation Table” was $2,035,442. Per the SEC rules, and after annualizing his cash compensation, his total compensation for the purposes of the CEO pay ratio was $4,247,822, and for the Median Employee was $91,408. The resulting ratio of Mr. Fernandez-Moreno’s total annualized compensation to the Median Employee for 2024 is 46:1. We believe this pay ratio is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K, the applicable SEC regulation, based on our payroll and employment records and the methodology described above. Given the varying methodologies used to determine pay ratio estimates, the Company’s pay ratio reported above should not be used as a basis for comparison with other companies.

| 82 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Tables and