Company: NGVT
Filing Date: 2025-03-24
Form Type: PRRN14A
Source: 0001539497-25-001025
Chunk: 38

Company: Ingevity Corp
Filing Date: 2025-03-24
Form: PRRN14A
Chunk 38
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 firm for
2025.

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<div align='center'>Proposal 4: APPROVAL OF INGEVITY CORPORATION 2025 OMNIBUS INCENTIVE PLAN</div>

Based on information contained in the Company’s proxy statement, it is expected that at the Annual Meeting the stockholders will be asked to approve the 2025 Omnibus Incentive Plan.

As stated in the Company’s proxy statement, on February 10, 2025, the Company’s Board adopted the Ingevity Corporation 2025 Omnibus Incentive Plan (the “ 2025 Omnibus Plan”), subject to approval by the Company’s 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 Company’s proxy statement indicates that 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 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.

The Company’s proxy statement indicates that the Company currently has one active equity-based incentive plan, the Amended and Restated 2016 Omnibus Incentive Plan (the “”). If approved by the Company’s 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,
plus (b) the number of Shares 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 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.

According to the Company’s proxy statement, the foregoing Shares described under (a), (b) and (c), above, are the Shares that will be available for issuance under the 2025