Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 47

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 47
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 of financial results that were determined by reference to the originally filed financial information, but which financial results were not achieved based on the Company’s restated results. This requirement applies regardless of fault or misconduct on the part of a Covered Officer.

| 62 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis Other compensation and benefits Policies and practices related to the timing of grants of certain equity awards and other equity grant practices Under our equity granting policy, the T&C Committee approves annual equity awards at its regularly scheduled meeting during the first quarter, typically held in February. Per the policy, the grant date applicable to such annual grants is the last business day in February. This is designed to ensure that the stock price pertaining to the grant will be tied to a date that is more than one business day after the filing of our Form 10-K for the previous fiscal year and the Form 8-K that discloses the earnings for the applicable fourth quarter and full year. The T&C Committee has discretion to grant equity awards outside of the normal annual grant cycle, however, the T&C Committee does not have a policy or practice of granting equity awards, including stock option awards, in anticipation of the release of material, non-public information (“MNPI”), nor do we time the release of MNPI based on equity grant dates. The equity granting policy also prohibits the back-dating of awards. Other compensation and benefits Offer letters The Company has entered into an offer letter with each of the following NEOs regarding employment terms (“Offer Letters”): Mr. Fernandez-Moreno, Ms. Hall, Mr. White and Mr. Fisher. The Offer Letters generally list the compensation arrangements for the applicable NEO, including (as applicable) the STIP and LTIP details, details regarding sign-on or one-time equity or cash compensation, relocation benefits, and details on stock ownership guidelines and other applicable Company policies. Severance and change of control agreements The Company has a Severance and Change of Control agreement with each of the NEOs, except for Mr. Fernandez-Moreno. The purpose of the agreements is to ensure that Ingevity:

| (a) | offers benefits that provide an overall compensation package that is competitive         
 with that offered by other companies with which Ingevity competes for talent;            |
| (b) | can retain and rely upon the undivided focus of its senior executives during             
 and following a change of control; and                                                   |
| (c) | diminishes the inevitable distraction