Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 35

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 35
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 participate in the STIP. |
| (2) | Performance Materials Segment                               |
| (3) | Performance Chemicals Segment                               |

* See Appendix Afor definitions and reconciliations of these non-GAAP financial measures to the nearest GAAP measures.

| 54 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis 2024 Executive Compensation In Detail 2024 Financial performance targets and results As described above, our 2024 performance was largely driven by repositioning actions in the PC segment. Costs associated with the repositioning of PC impacted consolidated 2024 results, leading to a full year net loss of $430.3 million and adjusted EBITDA* of $362.7 million. Full year net loss of $430.3 million included a goodwill impairment of $349.1 million, restructuring charges of $186.2 million, a $100.0 million termination fee for a long-term CTO supply agreement, and $52.7 million of losses on the resale of excess CTO. The 2024 STIP targets and actual performance and payouts are set forth below.

| Performance Level |     | Payout Range 
 (% of target 
 award)       |     | Company-Wide             
 STIP-Adjusted EBITDA*    | Goals(1) |     |   |         Actual 
    Performance |     | %         
 of Target 
 Achieved/ 
 Payout    |     | Company-Wide              
 STIP-Adjusted Revenue*    | Goals(1) |     |   |             Actual 
     Performance(1) |     | %         
 of Target 
 Achieved/ 
 Payout    |
|:------------------|:----|:-------------|:----|:-------------------------|---------:|:----|:--|---------------:|:----|:----------|:----|:--------------------------|---------:|:----|:--|-------------------:|:----|:----------|
| Threshold**       |     | 25%          |     | $                        |    315.0 |     | $ |          372.5 |     | 84.4%     |     | $                         |  1,350.0 |     | $ |            1,373.4 |     | 31.5%     |
| Target            |     | 100%         |     | $                        |    385.0 |     |   |                |