Company: NGVT
Filing Date: 2025-03-20
Form Type: DEFC14A
Source: 0001308179-25-000174
Chunk: 47

Company: Ingevity Corp
Filing Date: 2025-03-20
Form: DEFC14A
Chunk 47
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, WestRock Company. The Retirement Restoration Plan is a non-qualified plan that was adopted by the Company to honor historical WestRock obligations under an Employee Matters Agreement between WestRock and the Company as part of the separation. Benefit amounts under the plan were frozen at the time of the separation. No additional employees may become participants under the plan and no current participants are accruing any additional benefits (other than what was in place and frozen at the time of separation). Messrs. Woodcock and Fisher are the only NEOs with a benefit under the plan. Nonqualified Deferred Compensation Plan The Company maintains the Ingevity Corporation Deferred Compensation Plan, effective January 1, 2016 (the “DCP”). The purpose of the DCP is to attract and retain key employees by enabling participants to defer voluntarily the receipt of certain amounts, including compensation not otherwise eligible for deferral under the RSP, to provide matching contributions on certain deferrals, to restore lost defined contribution benefits due to Code limits, and to provide retirement and other benefits to participants through an individual account program. The DCP allows participants to defer up to 80% of their base compensation and 80% of their STIP. The restoration component of the DCP provides for a Company match of up to 6% and an additional 3% automatic non-contributory Company contribution. Relocation and other benefits We provide relocation assistance to employees, including our NEOs. Mr. Fernandez-Moreno receives a monthly relocation stipend of $4,055, which includes a tax gross-up of $1,855. During 2024, the total relocation benefit paid to Mr. Fernandez-Moreno was $12,166. Ms. Hall received relocation benefits in 2024 in the amount of $6,845, including a tax-gross up of $2,047 related to her move to permanent housing during 2023. Certain reimbursable expenses related to the closing of her home purchase in late 2023 were reimbursed to Ms. Hall during 2024. These relocation benefits paid to Mr. Fernandez-Moreno and Ms. Hall are reflected in “All Other Compensation” in the Summary Compensation Table and were paid pursuant to the Company’s broad-based relocation policy that covers all Company salaried employees. No other relocation benefits were provided to a NEO during 2024. We also provide limited other benefits to our executives, including our NEOs, to promote their security and well-being, thereby allowing them to focus on Company business. Other benefits paid