Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 50

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 50
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 the following RSU awards have alternative vesting schedules: (i) Mr. Fernandez-Moreno’s April 24, 2024 grant      
 is a DRSU award that will vest on the one-year anniversary of the grant date; and (ii) Mr. Fernandez-Moreno’s October 2, 2024    
 grant will vest on the one-year anniversary of the award, contingent on Mr. Fernandez-Moreno’s continued service as              
 interim President and CEO or Board membership. If a successor CEO is appointed before this date, vesting will require Mr.        
 Fernandez-Moreno to facilitate a smooth transition of duties. If his service as interim CEO ends before the RSUs fully vest,     
 he will vest in a prorated portion, calculated as 1/12th of the award per month of service.                                      |
| (3) | Column                                                                                                                           
 (i) includes PSU awards granted on February 28, 2023, which will vest as determined by the T&C Committee based on the            
 Company’s attainment of pre-established financial metrics relating to Average ROIC and Cumulative EPS for the performance        
 period beginning January 1, 2023 through December 31, 2025, and PSU awards granted on February 28, 2024, which will vest as      
 determined by the T&C Committee based on the Company’s attainment of pre-established financial metrics relating                  
 to Adjusted ROIC and LTIP Adjusted EPS for the performance period beginning January 1, 2024 through December 31, 2024, after     
 application of the rTSR modifier for the performance period beginning January 1, 2024 through December 31, 2026. With respect    
 to Mr. White, column (i) also includes a special PSU award granted on May 1, 2023, which will vest as determined by the T&C      
 Committee based on the Company’s attainment of pre-established metrics relating to AFA Product Volume and AFA EBITDA             
 Margin for the performance period beginning May 1, 2023 through June 30, 2025.                                                   |
|     | The                                                                                                                              
 number of PSU shares for the awards granted in 2022, 2023, and 2024 shown at target based on interim performance through the     
 end of fiscal 2024. Cumulative EPS, LTIP Adjusted EPS, Average ROIC, Adjusted ROIC, and AFA EBITDA Margin are non-GAAP financial