Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 48

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 48
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 long-term objectives of our incentive compensation;                                             |
| n | the performance metrics, performance targets, threshold performance requirements, and capped payouts related to our incentive 
 compensation;                                                                                                                 |
| n | the Company’s share ownership guidelines, including share ownership levels, retention practices, and prohibitions             
 on hedging and other derivative transactions related to Ingevity stock;                                                       |
| n | the T&C Committee’s ability to exercise discretion regarding the amount of the annual and long-term incentive                 
 awards;                                                                                                                       |
| n | the existence of a clawback policy; and                                                                                       |
| n | internal controls and oversight structures in place at the Company.                                                           |

Based on its review, the T&C Committee’s deliberations, and such other matters as the T&C Committee deemed relevant, the T&C Committee believes Ingevity’s well-balanced mix of salary and short-term and long-term incentives, as well as the performance metrics that are included in the incentive programs, are appropriate and consistent with the Company’s risk management practices and overall strategies. Tax and accounting considerations The T&C Committee considers tax and accounting considerations in structuring our executive compensation program. Section 162(m) of the Code generally disallows tax deductions for compensation paid by public companies to certain executive officers for compensation over $1 million in any year. Nonetheless, the T&C Committee believes that stockholder interests are best served if the T&C Committee’s discretion and flexibility in awarding compensation are not restricted, even though some compensation awards may result in non-deductible compensation expenses. Thus, the T&C Committee reserves the ability to approve compensation that is not deductible for income tax purposes, when the T&C Committee determines that such compensation is appropriate.

| 66 | INGEVITY  |  2025 
 Proxy Statement   |

Talent and Compensation Committee Report The T&C Committee has reviewed and discussed the Compensation Discussion and Analysis with management. Based on this review and discussion, the T&C Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement and incorporated by reference into our Annual Report on Form 10-K for fiscal 2024. THE TALENT AND COMPENSATION COMMITTEE Diane H. Gulyas, Chair
Jean S. Blackwell
Bruce D. Hoechner
Frederick J. Lynch
Daniel F. Sansone

| INGEVITY  |  2025 
 Proxy Statement   | 67 |

Compensation Tables and Other Matters Summary Compensation Table The table below includes the total compensation