Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 39

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 39
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 Mr. Fortson in connection with his departure from the Company. |
| (2) | Ms. Cozad left the Company on June                                                                                   
 26, 2024 and did not receive a payout under the 2024 STIP.                                                           |

* Linear interpolation is used to determine award payouts for performance between the threshold, target, and maximum goals.

| 54 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis 2024 Executive Compensation In Detail Performance metrics An individual NEO’s STIP award is based on the achievement of financial and individual performance objectives as follows: Financial Metrics (80% of STIP Award):The primary financial metrics under the 2024 STIP were STIP-Adjusted EBITDA* and STIP-Adjusted Revenue*. STIP-Adjusted EBITDA* measures profitability and operational efficiency, while STIP-Adjusted Revenue* reflects the ability to generate sales. These metrics drive behaviors aligned with maximizing shareholder value by improving earnings and top-line performance. For corporate leadership, the financial portion of the STIP award is based on Company-wide STIP-Adjusted EBITDA* and Company-wide STIP-Adjusted Revenue*, focusing on the Company’s overall financial health and growth. For business segment leaders, the financial portion of the STIP award is based on a mix of Company-wide STIP-Adjusted EBITDA* and Company-wide STIP-Adjusted Revenue* and Business Unit (“BU”) STIP-Adjusted EBITDA* and BU STIP-Adjusted Revenue*, which provides a balanced focus on the Company’s overall success, as well as the success of their specific business unit. Individual Metrics (20% of STIP Award). For both corporate and business segment leadership, the STIP recognizes non-financial contributions that are crucial to a leader’s role, such as strategic initiatives, leadership effectiveness, and other personal objectives. This ensures that leadership is rewarded not only for financial outcomes but also for the critical, often intangible contributions that drive long-term growth, innovation, and employee engagement. The performance weights applicable to NEOs for STIP in 2024 were adjusted from the performance weights applicable to NEOs in 2023 to increase the emphasis on profitability, which drives value for the Company and its stockholders. The following tables show financial and individual performance weights for each of the NEOs that are eligible for STIP (1):

|            |     | Financial         
 Performance (80%) |     |                |     |                   |     |