Company: NGVT
Filing Date: 2025-03-19
Form Type: PRER14A
Source: 0001308179-25-000166
Chunk: 43

Company: Ingevity Corp
Filing Date: 2025-03-19
Form: PRER14A
Chunk 43
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28, 2024, which was $45.27, except for the PSUs and RSUs comprising Mr. Fisher’s July Grant, which were determined based on the closing price of our Common Stock on July 5, 2024, which was $41.29. Performance-based Restricted Stock Units The following performance metrics apply with respect to the PSU awards granted in 2024: 70% - LTIP adjusted earnings per share (“Adjusted EPS”*); and 30% - Adjusted return on invested capital (“Adjusted ROIC”*). Adjusted EPS ensures a focus on profitability and operational efficiency, while Adjusted ROIC emphasizes effective capital deployment—both critical for long-term growth. Actual PSUs earned are subject to the rTSR modifier based on the percentile ranking of our Total Shareholder Return (“TSR”) over the three-year TSR performance period relative to that of the companies comprising the S&P 1000 Chemicals Index, defined as the combination of the S&P 600 and S&P 400 chemicals index. The rTSR modifier increases the PSU payout by 25% if we achieve a greater than 75 thpercentile rTSR as compared with the S&P 1000 Chemicals Index and decreases the PSU payout by 25% if we are below the 25 thpercentile as compared with the S&P 1000 Chemicals Index. The rTSR modifier is not interpolated for performance between the 25 thand 75 thpercentiles. The rTSR modifier is intended to emphasize the importance of maximizing stockholder returns while moderating payouts when financial metrics are achieved but the Company underperforms the market. *See Appendix Afor definitions and reconciliations of these non-GAAP financial measures to the nearest GAAP measures.

| INGEVITY  |  2025 
 Proxy Statement   | 59 |

Compensation Discussion and Analysis 2024 Executive Compensation In Detail In the context of our ongoing PC segment repositioning efforts, the T&C Committee determined that forecasting three-year EPS and ROIC performance goals for the 2024 PSUs would be difficult. As a result, the EPS and ROIC targets for the 2024 PSUs were tied directly to results for fiscal year 2024. The final payout, if any, will be determined in early 2027, after applying the three-year rTSR modifier. This approach allows us to balance near-term accountability in a dynamic environment with a continuing commitment to align compensation with long-term value creation