Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 34

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 34
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ated portion, calculated as 1/12th of the award per month of service. As a result of the appointment of David H. Li as the Company’s next president and CEO, Mr. Fernandez-Moreno is expected to step down on April 6, 2025. As a result, Mr. Fernandez-Moreno will receive a total base salary of approximately $1,534,585 and, if he facilitates an orderly transition with Mr. Li and remains on the Board through October 2, 2026, he will vest in approximately 58% of his RSU grant, or 15,573 shares out of the original grant of 26,696 RSUs. |
| ■ | In March 2024, Mr. Fisher received an RSU grant valued at $100,000 in recognition of his service as interim Chief Human Resources Officer. The RSUs will vest ratably over three years.                                                                                                                                                                                                                                                                                                                                                                                                      |
| ■ | During 2024, the T&C Committee approved cash awards (“Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 Retention Awards”) to each of the NEOs that were active as of the end of fiscal year 2024 (other than Mr. Fernandez-Moreno)                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 that will cliff vest on April 1, 2026 to ensure continuity of leadership through the CEO transition period. Ms. Hall and Messrs.                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Woodcock, White and Fisher each received Cash Retention Awards of $900,000, $500,000, $350,000 and $400,000, respectively. These                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 awards will be reported in the Summary Compensation Table for the year in which they vest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

Say-On-Pay Results The T&C Committee values the input received from our stockholders on the Company’s executive compensation practices. At the 2024 annual stockholders’ meeting, our stockholders approved the compensation of our NEOs on an advisory basis by 97.21% of the votes cast. Although the vote was non-binding, the T&C Committee considered the approval rate as an indication that Ingevity stockholders support the Company’s executive compensation philosophy and decisions.

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

| 48 | INGEVITY  |  2025 
 Proxy Statement   |

Compensation Discussion and Analysis Executive Compensation Governance Practices Executive Compensation Governance Practices We