Ingevity (NGVT) director receives 329 deferred stock units in lieu of board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp director Francis David Segal received a grant of 329 vested deferred stock units at $72.28 per unit. These units were issued in lieu of quarterly director fees and increase his directly owned common stock-related position to 6,380 shares.
The deferred stock units will convert into an equal number of Ingevity common shares when his board service ends, under the company’s Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Segal Francis David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 329 | $72.28 | $24K |
Holdings After Transaction:
Common Stock — 6,380 shares (Direct)
Footnotes (1)
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Key Figures
Deferred stock units granted: 329 units
Grant price per unit: $72.28 per unit
Shares following transaction: 6,380 shares
3 metrics
Deferred stock units granted
329 units
Director fee-equity grant on 2026-04-01
Grant price per unit
$72.28 per unit
Value used for 329 DSUs granted
Shares following transaction
6,380 shares
Segal’s direct holdings after the award
Key Terms
deferred stock units, Non-Employee Director Deferred Compensation Plan, 2025 Omnibus Incentive Plan, grant, award, or other acquisition
4 terms
deferred stock units financial
"Represents vested deferred stock units ("DSUs") granted pursuant to the reporting person's election"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Non-Employee Director Deferred Compensation Plan financial
"pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan"
2025 Omnibus Incentive Plan financial
"pursuant to the Company's Amended and Restated Non-Employee Director Deferred Compensation Plan and 2025 Omnibus Incentive Plan"
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
What insider transaction did Ingevity (NGVT) disclose for Francis David Segal?
Ingevity disclosed that director Francis David Segal received 329 vested deferred stock units valued at $72.28 each. The award represents director fees taken in equity instead of cash and is part of routine board compensation, not an open-market stock purchase or sale.
What are deferred stock units (DSUs) in the Ingevity (NGVT) Form 4 filing?
Deferred stock units are share-equivalent awards credited instead of cash fees, which later settle into actual shares. In this case, Segal’s 329 vested DSUs will convert into the same number of Ingevity common shares when his board service ends, according to company compensation plans.
Is the Ingevity (NGVT) Form 4 transaction a stock purchase on the market?
No, the Form 4 shows a grant of 329 deferred stock units as compensation, not an open-market trade. The units were issued in lieu of quarterly director fees and vest immediately, later converting to Ingevity common stock when Segal’s board service concludes under company plan terms.