White Richard Allen JR 4

What Happened

• Richard Allen White Jr., Senior Vice President and President, Performance Chemicals at Ingevity (NGVT), had performance-based restricted stock units (PSUs) certified as vested and settled into 1,204 shares on Feb 26, 2026 (acquired at $0 as an award). On the same date he sold 430 shares at $70.52 each, generating proceeds of $30,324.
• Net on the date: +774 shares (1,204 acquired less 430 sold). The awarded shares are compensation (not a purchase)—the sale is a disposition of existing/vested shares.

Key Details

• Transaction date: February 26, 2026.
• Award: 1,204 shares, acquisition price reported as $0 (PSU settlement).
• Sale: 430 shares at $70.52 per share; total proceeds $30,324.
• Net change: +774 shares on that date.
• Footnotes:
  • F1: The Talent and Compensation Committee certified performance goals and PSUs were settled in shares effective Feb 26, 2026.
  • F2: The filing notes inclusion of prior Employee Stock Purchase Plan (ESPP) shares (94 shares from July–Sept 2025 and 76 shares from Oct–Dec 2025) purchased at 85% of the applicable offering-period price.
  • F3: Some vested PSU shares were withheld to satisfy tax withholding obligations.
• Filing timeliness: Form 4 filed March 2, 2026 — within the typical two-business-day SEC filing window for a Feb 26 transaction.

Context

• These were performance-based awards settled in stock (PSUs); the $0 acquisition price reflects compensation rather than an open-market purchase. Sales following vesting are common and can reflect tax withholding or portfolio decisions; filings do not state the insider's motives.
• For retail investors: acquisitions (purchases or awards retained) and sales reported by insiders are factual events — awards increase insider holdings, while sales reduce them. Here the insider ended the day with a net increase in shares (774).