Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-04

Ingevity (NGVT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$12,839,719
David Li total, FY2025
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
89.2%
Say-on-pay support, latest vote
Companies that benchmark against NGVT
7 companies name NGVT as a compensation peer

Each company listed discloses NGVT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named NGVT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Li$810,685$8,500,086$2,000,007$1,293,600$235,341$12,839,719
President & Chief Executive Officer
S. Edward Woodcock491,517739,607-52,7831,532,7092,711,050
EVP & President, Performance Materials
Mary Dean Hall527,7341,058,822325,10081,4871,993,143
EVP, Chief Financial Officer
Richard White472,628710,729356,19061,6161,601,163
SVP & President, Performance Chemicals
Ryan Fisher425,622449,429260,5105,17879,5071,220,246
SVP, General Counsel & Corporate Secretary
Terry Dyer418,301441,046230,920100,6601,190,927
SVP, Chief Human Resources Officer
Luis Fernandez-Moreno789,041135,017141,4281,065,486
Interim President & Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
David Li$12,839,719
S. Edward Woodcock2,711,0501,769,4451,563,167+941,605
Mary Dean Hall1,993,1432,055,6111,678,795−62,468
Richard White1,601,1631,435,3192,265,725+165,844
Ryan Fisher1,220,2461,016,990+203,256
Terry Dyer1,190,927
Luis Fernandez-Moreno1,065,4862,035,442−969,956

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mary Dean HallPSU16,685$987,418
Ryan FisherPSU7,082419,113
David LiPSU149,7038,859,424
David LiRSU118,1856,994,188
Mary Dean HallPSU13,519800,054
Richard WhitePSU11,200662,816
Mary Dean HallRSU11,108657,371
Richard WhitePSU9,146541,260
Mary Dean HallRSU8,472501,373
Richard WhiteRSU7,456441,246
Mary Dean HallPSU7,413438,701
Ryan FisherPSU1,45886,284
Terry DyerPSU6,950411,301
Richard WhiteRSU5,490324,898
Richard WhitePSU5,015296,788
Ryan FisherRSU4,715279,034
Terry DyerRSU4,627273,826
S. Edward WoodcockPSU4,198248,438
Terry DyerRSU4,057240,093
S. Edward WoodcockPSU4,029238,436
Ryan FisherRSU1,891111,909
Ryan FisherPSU1,744103,210
Mary Dean HallRSU1,64797,469
Ryan FisherRSU1,41883,917
Richard WhiteRSU1,11565,986
Ryan FisherPSU80047,344
Ryan FisherRSU77545,865
Ryan FisherRSU40023,672
David LiOption123,22931.73
S. Edward WoodcockOption2,556115.22
Mary Dean HallOption2,51973.21
Mary Dean HallOption7,31568.23
Richard WhiteOption81945.04
Richard WhiteOption1,36669.48
Richard WhiteOption3,40768.23
Ryan FisherOption1,07974.91
Ryan FisherOption667115.22
Ryan FisherOption1,71645.04
Ryan FisherOption1,17169.48
Ryan FisherOption1,40868.23
S. Edward WoodcockOption2,89753.11
S. Edward WoodcockOption3,23574.91
S. Edward WoodcockOption8,36945.04
S. Edward WoodcockOption4,14469.48
S. Edward WoodcockOption5,07068.23
05

Incentive-plan design — the Compensation Discussion & Analysis

Ingevity’s executive compensation program reflects a 'pay-for-performance' philosophy, directly linking compensation to business plans and individual performance through short- and long-term incentive programs based on key financial objectives. The program is designed to attract, motivate, and retain highly talented executives while aligning their interests with stockholders by providing a significant portion of compensation in equity-based incentives focused on long-term value creation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2928,593,6153,435,92125,71289.2%Passed
20252025-04-3029,606,4072,894,85925,90991.09%Passed
20242024-04-2331,520,246903,96757,25697.21%Passed
20232023-04-2731,326,2712,108,81148,15293.69%Passed
20222022-04-2732,766,9151,574,29967,56995.23%Passed
20212021-04-2234,405,0041,954,30467,44394.45%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2989.2%a
20252025-04-3091.09%b
20242024-04-2397.21%c

a. Approved under the standard stated in the filing — “(2) Abstentions will be treated as shares present and entitled to vote for quorum purposes, but, for Proposals 2,3, and 4, they will have the same practical effect as votes against the proposal because they require approval by the majority of the shares present and entitled to vote thereon.”.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bruce D. HoechnerIndependent · Board Chair$176,250$135,017$0$311,267
Jean S. BlackwellIndependent · Executive · Compensation · Nominating/Governance140,000135,0170275,017
Karen G. NarwoldIndependent · Sustainability and Safety (Chair) · Executive · Audit105,000135,0170240,017
J. Kevin WillisIndependent · Sustainability and Safety · Executive · Audit (Chair)105,000135,0170240,017
Diane H. GulyasIndependent · Executive · Compensation (Chair) · Nominating/Governance105,000135,0170240,017
Daniel F. SansoneIndependent · Sustainability and Safety · Executive · Compensation · Audit100,000135,0170235,017
Frederick J. LynchIndependent · Compensation · Audit90,000135,0170225,017
Benjamin G. (Shon) WrightIndependent · Sustainability and Safety · Audit90,000135,0170225,017
F. David SegalIndependent · Sustainability and Safety · Audit · Newly elected67,500135,0170202,517
David H. LiEmployee director · Newly elected0
Luis Fernandez-MorenoIndependent · Executive · Compensation · Nominating/Governance (Chair)0
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$135,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline$450,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$978,750
Equity awards (grant-date value)$1,215,153
All other compensation$0
Total cost of the board$2,193,903

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Ingevity names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Ingevity.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Element Solutions Inc2025Benjamin H. Gliklich$1,087,500$23,688,894$0$1,520,947$26,480,462
2Ingevity2025David Li810,6858,500,0862,000,0071,293,60012,839,719
3Cabot Corp.2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
4H.B. Fuller Co.2025Celeste Mastin1,082,6922,971,9763,025,5381,339,8918,830,569
5Tronox Holdings2025John Romano1,100,0005,658,66101,052,4808,254,510
6Innospec Inc.2025Patrick Williams1,380,5485,285,62301,365,3368,252,747
7Ashland Inc.2025Guillermo Novo1,152,3325,233,86301,313,8307,907,423
8Minerals Technologies Inc.2025Douglas Dietrich1,050,0002,310,022768,8032,891,1607,405,693
9Hexcel Corp.2025Thomas Gentile III1,100,0003,374,9611,685,259923,2307,252,875
10Avient Corp.2025Ashish Khandpur1,128,2693,763,1590753,7775,818,257
11AdvanSix Inc.2025Erin Kane1,019,7003,747,9000785,4005,647,438
12Ecovyst Inc.2025Kurt Bitting750,0003,347,7520804,0004,992,440
13Stepan Co.2025Luis Rojo940,0002,279,746800,003230,3004,327,042
14Quaker Chemical Corp.2025Joseph Berquist800,0002,420,3190461,8403,709,451
15Mativ Holdings, Inc.2025Shruti Singhal1,061,0772,131,441003,256,333
Koppers Holdings Inc.not in coverage universe
Balchem Corp.not in coverage universe
Sensient Technologies Corp.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Ingevitynot disclosedPSU 50 · RSU 50not disclosedPearl Meyer
AdvanSix Inc.not disclosedPSU 50 · RSU 50not disclosednot disclosed
Ashland Inc.90.4%not disclosedYes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Avient Corp.51.6%Cash LTI 60 · RSU 40Yes — Total Shareholder Return Relative to Peer Group (rTSR)Pearl Meyer
Balchem Corp.not disclosednot disclosednot disclosednot disclosed
Cabot Corp.90%PSU 35 · Options 35 · RSU 30NoMeridian Compensation Partners
Ecovyst Inc.not disclosednot disclosednot disclosednot disclosed
Element Solutions Inc126%PSU 67 · RSU 33NoFW Cook
H.B. Fuller Co.not disclosednot disclosednot disclosednot disclosed
Hexcel Corp.76.3%not disclosedNoSemler Brossy
Innospec Inc.not disclosedPSU 70 · RSU 30not disclosedExequity
Koppers Holdings Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Mativ Holdings, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Minerals Technologies Inc.not disclosednot disclosednot disclosednot disclosed
Quaker Chemical Corp.not disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners
Sensient Technologies Corp.not disclosednot disclosednot disclosednot disclosed
Stepan Co.not disclosedRSU 50 · SAR 25 · PSU 25not disclosedExequity LLP
Tronox Holdingsnot disclosedRSU 50 · PRSU 50not disclosedFrederic W. Cook & Co. and FIT Remuneration Consultants, LLP

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David LiDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 12,839,719. Filing ↗
2Section 01, S. Edward WoodcockDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 2,711,050. Filing ↗
3Section 01, Mary Dean HallDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 1,993,143. Filing ↗
4Section 01, Richard WhiteDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 1,601,163. Filing ↗
5Section 01, Ryan FisherDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 1,220,246. Filing ↗
6Section 01, Terry DyerDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 1,190,927. Filing ↗
7Section 01, Luis Fernandez-MorenoDEF 14A2026-03-170001104659-26-029507Section “Executive Compensation”. As printed: 1,065,486. Filing ↗
8Section 08, Bruce D. HoechnerDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 311,267. Filing ↗machine: span 1058546–1058672
9Section 08, Jean S. BlackwellDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 275,017. Filing ↗machine: span 1053430–1053556
10Section 08, Karen G. NarwoldDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 240,017. Filing ↗machine: span 1063663–1063789
11Section 08, J. Kevin WillisDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 240,017. Filing ↗machine: span 1071334–1071460
12Section 08, Diane H. GulyasDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 240,017. Filing ↗machine: span 1055987–1056113
13Section 08, Daniel F. SansoneDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 235,017. Filing ↗machine: span 1066222–1066348
14Section 08, Frederick J. LynchDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 225,017. Filing ↗machine: span 1061105–1061231
15Section 08, Benjamin G. (Shon) WrightDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 225,017. Filing ↗machine: span 1073900–1074026
16Section 08, F. David SegalDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 202,517. Filing ↗machine: span 1068777–1068903
17Section 08, David H. LiDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Luis Fernandez-MorenoDEF 14A2026-03-170001104659-26-029507Section “Director Compensation”. As printed: —. Filing ↗
19Section 06, 2026 voteForm 8-K2026-05-040001653477-26-000028Item 5.07 · say-on-pay result. As reported: 89.2% (votes for as printed: 28,593,615). Filing ↗
20Section 06, 2025 voteForm 8-K2025-05-010001653477-25-000058Item 5.07 · say-on-pay result. As reported: 91.09% (votes for as printed: 29,606,407). Filing ↗
21Section 06, 2024 voteForm 8-K2024-04-230001653477-24-000042Item 5.07 · say-on-pay result. As reported: 97.21% (votes for as printed: 31,520,246). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)ComputedcomputedCash 978,750 + equity 1,215,153 + all other 0 = 2,193,903, summed across the director compensation table rows.machine: formula: Σ = 2,193,903
24Element Solutions Inc, Section 10b CEO totalDEF 14A2026-03-230001590714-26-000034CEO total compensation as printed in Element Solutions Inc's own proxy. As printed: 26,480,462. Filing ↗machine: r3 · c27 · span 596335–596345
25Ingevity (subject), Section 10b CEO totalDEF 14A2026-03-170001104659-26-029507CEO total compensation as printed in Ingevity's own proxy. As printed: 12,839,719. Filing ↗
26Cabot Corp., Section 10b CEO totalDEF 14A2026-01-270001193125-26-023681CEO total compensation as printed in Cabot Corp.'s own proxy. As printed: 9,307,883. Filing ↗machine: r3 · c39 · span 853934–853943
27H.B. Fuller Co., Section 10b CEO totalDEF 14A2026-03-040001437749-26-006811CEO total compensation as printed in H.B. Fuller Co.'s own proxy. As printed: 8,830,569. Filing ↗machine: r2 · c18 · span 903228–903237
28Tronox Holdings, Section 10b CEO totalDEF 14A2026-03-190001140361-26-010422CEO total compensation as printed in Tronox Holdings's own proxy. As printed: 8,254,510. Filing ↗machine: r2 · c27 · span 1071280–1071289
29Innospec Inc., Section 10b CEO totalDEF 14A2026-03-260001174947-26-000427CEO total compensation as printed in Innospec Inc.'s own proxy. As printed: 8,252,747. Filing ↗machine: r4 · c9 · span 1939600–1939609
30Ashland Inc., Section 10b CEO totalDEF 14A2025-12-090001193125-25-312753CEO total compensation as printed in Ashland Inc.'s own proxy. As printed: 7,907,423. Filing ↗machine: t125 · r3 · c21 · span 2021429–2021438
31Minerals Technologies Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-039205CEO total compensation as printed in Minerals Technologies Inc.'s own proxy. As printed: 7,405,693. Filing ↗machine: r2 · c48 · span 1633829–1633838
32Hexcel Corp., Section 10b CEO totalDEF 14A2026-04-010001193125-26-135884CEO total compensation as printed in Hexcel Corp.'s own proxy. As printed: 7,252,875. Filing ↗machine: t152 · r2 · c40 · span 2524687–2524696
33Avient Corp., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021576CEO total compensation as printed in Avient Corp.'s own proxy. As printed: 5,818,257. Filing ↗machine: t45 · r2 · c8 · span 748439–748448
34AdvanSix Inc., Section 10b CEO totalDEF 14A2026-04-290001673985-26-000022CEO total compensation as printed in AdvanSix Inc.'s own proxy. As printed: 5,647,438. Filing ↗machine: span 646055–646064
35Ecovyst Inc., Section 10b CEO totalDEF 14A2026-04-150001140361-26-014838CEO total compensation as printed in Ecovyst Inc.'s own proxy. As printed: 4,992,440. Filing ↗machine: r2 · c19 · span 1179272–1179281
36Stepan Co., Section 10b CEO totalDEF 14A2026-03-250001193125-26-122725CEO total compensation as printed in Stepan Co.'s own proxy. As printed: 4,327,042. Filing ↗machine: span 378020–378029
37Quaker Chemical Corp., Section 10b CEO totalDEF 14A2026-03-310001628280-26-022236CEO total compensation as printed in Quaker Chemical Corp.'s own proxy. As printed: 3,709,451. Filing ↗machine: r2 · c27 · span 836235–836244
38Mativ Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-170001000623-26-000021CEO total compensation as printed in Mativ Holdings, Inc.'s own proxy. As printed: 3,256,333. Filing ↗machine: r5 · c36 · span 615186–615195
39Section 10a, Element Solutions Inc reciprocityDEF 14A0001590714-26-000034Element Solutions Inc's most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
40Section 10a, Quaker Chemical Corp. reciprocityDEF 14A0001628280-26-022236Quaker Chemical Corp. names Ingevity in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Tronox Holdings reciprocityDEF 14A0001140361-26-010422Tronox Holdings names Ingevity in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, Mativ Holdings, Inc. reciprocityDEF 14A0001000623-26-000021Mativ Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
43Section 10a, Innospec Inc. reciprocityDEF 14A0001174947-26-000427Innospec Inc.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
44Section 10a, H.B. Fuller Co. reciprocityDEF 14A0001437749-26-006811H.B. Fuller Co.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
45Section 10a, Hexcel Corp. reciprocityDEF 14A0001193125-26-135884Hexcel Corp.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
46Section 10a, Stepan Co. reciprocityDEF 14A0001193125-26-122725Stepan Co.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
47Section 10a, AdvanSix Inc. reciprocityDEF 14A0001673985-26-000022AdvanSix Inc. names Ingevity in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Ecovyst Inc. reciprocityDEF 14A0001140361-26-014838Ecovyst Inc. names Ingevity in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Koppers Holdings Inc. reciprocityDEF 14A0001315257-26-000026Koppers Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
50Section 10a, Avient Corp. reciprocityDEF 14A0001628280-26-021576Avient Corp.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗
51Section 10a, Cabot Corp. reciprocityDEF 14A0001193125-26-023681Cabot Corp.'s most recent proxy was read; its disclosed peer group does not include Ingevity. Filing ↗