Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 35

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 35
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 objectives and aligns                                                                
 the executives’ interests with those of stockholders.                                                                            |

| 50 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis How We Set Compensation 2024 target pay mix The charts below illustrate the target total direct compensation (base salary and target STIP and LTIP opportunity) of our former CEO, Mr. Fortson, and our other NEOs for fiscal year 2024. As illustrated in the charts, the majority of target total direct compensation is at-risk. The charts do not include “All Other Compensation” shown in the “Summary Compensation Table” or any one-time equity grants or awards outside of target annual total direct compensation, if any.

| Mr. Fortson (Former CEO)* |     | Other NEOs** |

How We Set Compensation Role of the T&C Committee and the CEO CEO compensation The T&C Committee is responsible for reviewing and approving the goals and objectives of Ingevity’s CEO, evaluating the CEO’s performance in light of such goals and objectives, and setting the CEO’s compensation based on such evaluation. The T&C Committee meets with the CEO to discuss his performance and compensation and seeks feedback on the CEO’s performance from the full Board and from senior management, including the officers that report to the CEO. Ultimately, decisions regarding the CEO’s compensation are made by the T&C Committee, meeting in executive session, without the CEO or any other executive present. In setting compensation for the CEO, the T&C Committee also takes into account other factors, including overall leadership and external survey data compiled from our peer group of companies by Pearl Meyer, the T&C Committee’s independent compensation consultant (the “Compensation Consultant”), other Comparative Compensation Data, and the advice of the Compensation Consultant. Compensation for other executives The T&C Committee is also responsible for reviewing and approving the compensation of senior executives reporting to the CEO, including the other NEOs. In approving compensation for the other NEOs, the T&C Committee considers the assessment of their performance by the CEO and other key internal stakeholders, addressing such factors as achievement of individual goals and objectives, contribution to Ingevity’s performance and corporate goals, and other considerations, including Comparative Compensation Data and the advice of the Compensation Consultant. In making his recommendations to the T&C Committee, the CEO is also supported by the CHRO.

| INGEVITY  |  2025 
 Proxy Statement   | 51 |

Compensation Discussion and Analysis How We Set Compensation Role of the compensation consultant