Ingevity Management

Management criteria checks 3/4

Ingevity's CEO is John Fortson, appointed in Sep 2020, has a tenure of 3.67 years. total yearly compensation is $5.29M, comprised of 18.8% salary and 81.2% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth €4.10M. The average tenure of the management team and the board of directors is 3.1 years and 5.3 years respectively.

Key information

John Fortson

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage	18.8%
CEO tenure	3.7yrs
CEO ownership	0.2%
Management average tenure	3.1yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Fortson's remuneration changed compared to Ingevity's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$112m
Dec 31 2023	US$5m	US$995k	-US$5m
Sep 30 2023	n/a	n/a	US$127m
Jun 30 2023	n/a	n/a	US$177m
Mar 31 2023	n/a	n/a	US$202m
Dec 31 2022	US$5m	US$930k	US$212m
Sep 30 2022	n/a	n/a	US$225m
Jun 30 2022	n/a	n/a	US$146m
Mar 31 2022	n/a	n/a	US$130m
Dec 31 2021	US$5m	US$825k	US$118m
Sep 30 2021	n/a	n/a	US$135m
Jun 30 2021	n/a	n/a	US$209m
Mar 31 2021	n/a	n/a	US$185m
Dec 31 2020	US$3m	US$630k	US$181m
Sep 30 2020	n/a	n/a	US$180m
Jun 30 2020	n/a	n/a	US$170m
Mar 31 2020	n/a	n/a	US$206m
Dec 31 2019	US$3m	US$519k	US$184m
Sep 30 2019	n/a	n/a	US$182m
Jun 30 2019	n/a	n/a	US$171m
Mar 31 2019	n/a	n/a	US$161m
Dec 31 2018	US$2m	US$504k	US$169m
Sep 30 2018	n/a	n/a	US$169m
Jun 30 2018	n/a	n/a	US$153m
Mar 31 2018	n/a	n/a	US$138m
Dec 31 2017	US$2m	US$489k	US$127m

Compensation vs Market: John's total compensation ($USD5.29M) is above average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Fortson (56 yo)

3.7yrs

Tenure

US$5,291,062

Compensation

Mr. John C. Fortson serves as President, Chief Executive Officer and Director at Ingevity Corporation since September 01, 2020. He served as Interim Chief Financial Officer and Treasurer at Ingevity Corpor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Fortson	President	3.7yrs	US$5.29m	0.23% $ 4.1m
Mary Hall	Executive VP & CFO	3.1yrs	US$1.68m	0.042% $ 729.0k
Stacy Cozad	Executive VP	3.3yrs	US$1.39m	0.026% $ 447.7k
Stuart Woodcock	Executive VP & President of Performance Materials	9.3yrs	US$1.56m	0.057% $ 996.1k
Richard White	Senior VP & President of Performance Chemicals	2.3yrs	US$2.27m	0.0087% $ 152.5k
Phillip Platt	VP, Chief Accounting Officer & Business Transformation Lead	8yrs	no data	0.012% $ 208.1k
John Nypaver	VP of Investor Relations & Treasurer	2.3yrs	no data	no data
Caroline Monahan	Director of Communications	less than a year	no data	no data
Steven Hulme	Senior VP & President of Advanced Polymer Technologies	2.3yrs	no data	0.0010% $ 18.3k

3.1yrs

Average Tenure

56yo

Average Age

Experienced Management: IGX's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Fortson	President	3.7yrs	US$5.29m	0.23% $ 4.1m
Karen Narwold	Independent Director	5.3yrs	US$214.16k	0.0074% $ 130.4k
Jean Blackwell	Independent Chairman of the Board	8yrs	US$308.01k	0.044% $ 767.1k
Daniel Sansone	Independent Director	8yrs	US$228.01k	0.028% $ 493.9k
Luis Fernandez-Moreno	Independent Director	8yrs	US$220.01k	0.049% $ 866.3k
Frederick Lynch	Independent Director	8yrs	US$208.01k	0.049% $ 863.8k
Diane Gulyas	Independent Director	5.3yrs	US$215.55k	0.022% $ 393.3k
Bruce Hoechner	Independent Director	1.3yrs	no data	0.00090% $ 15.8k
Benjamin Wright	Independent Director	1.8yrs	US$208.01k	0.0043% $ 74.6k

5.3yrs

Average Tenure

63yo

Average Age

Experienced Board: IGX's board of directors are considered experienced (5.3 years average tenure).

Ingevity Management

Management criteria checks 3/4

Key information

Recent management updates

Ingevity Corporation Announces Resignation of William J. Slocum from Board

Ingevity Corporation, Annual General Meeting, Apr 23, 2024

Insider recently sold €110k worth of stock

Insider recently sold €64k worth of stock

Ingevity Corporation Announces Changes to Its Board of Directors

Ingevity Appoints Christine Stunyo as Chief Human Resources Officer

Recent updates

Ingevity Corporation Reiterates Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: US$1.54 loss per share (vs US$1.36 profit in 1Q 2023)

Ingevity Corporation to Report Q1, 2024 Results on May 01, 2024

Ingevity Corporation Announces Resignation of William J. Slocum from Board

Ingevity Corporation, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: US$0.15 loss per share (vs US$5.54 profit in FY 2022)

Ingevity Corporation Provides Earnings Guidance for the Year 2024

Ingevity Corporation to Report Q4, 2023 Results on Feb 21, 2024

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$0.70 (vs US$1.99 in 3Q 2022)

Ingevity Corporation to Report Q3, 2023 Results on Nov 01, 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.97 (vs US$1.55 in 2Q 2022)

Ingevity Corporation to Report Q2, 2023 Results on Aug 02, 2023

Investor sentiment deteriorates as stock falls 20%

Ingevity Corporation Announces Sales Guidance for 2023

First quarter 2023 earnings released: EPS: US$1.36 (vs US$1.56 in 1Q 2022)

Insider recently sold €110k worth of stock

Full year 2022 earnings released: EPS: US$5.54 (vs US$2.97 in FY 2021)

Ingevity Corporation to Report Q4, 2022 Results on Feb 27, 2023

Insider recently sold €64k worth of stock

Third quarter 2022 earnings released: EPS: US$2.00 (vs US$0.11 loss in 3Q 2021)

Ingevity Corporation Provides Earnings Guidance for the Year 2022

Ingevity Corporation to Report Q3, 2022 Results on Nov 02, 2022

Ingevity Corporation (NYSE:NGVT) acquired Ozark Logistics, LLC and Ozark Materials, LLC from Ozark Holdings, Inc. for approximately $330 million.

Ingevity Corporation (NYSE:NGVT) reached an agreement to acquire Ozark Logistics, LLC and Ozark Materials, LLC from Ozark Holdings, Inc. for approximately $330 million.

Second quarter 2022 earnings released: EPS: US$1.55 (vs US$1.11 in 2Q 2021)

Ingevity Corporation Re-Affirms Earnings Guidance for the Year 2022

Ingevity Corporation Announces Changes to Its Board of Directors

Ingevity Corporation to Report Q2, 2022 Results on Aug 02, 2022

Ingevity Appoints Christine Stunyo as Chief Human Resources Officer

First quarter 2022 earnings released: EPS: US$1.56 (vs US$1.21 in 1Q 2021)

Ingevity Corporation Raises Earnings Guidance for the Year 2022

Insufficient new directors

Ingevity Corporation to Report Q1, 2022 Results on May 04, 2022

Insufficient new directors

Insufficient new directors

Ingevity Corporation Provides Earnings Guidance for the Year 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: US$0.11 loss per share (vs US$1.69 profit in 3Q 2020)

Ingevity Corporation Announces Intends to Challenge a Jury Verdict Rendered on Sept. 15, 2021 in the U.S. District Court in Delaware Related to Claims by BASF Corporation

Second quarter 2021 earnings released: EPS US$1.11 (vs US$0.49 in 2Q 2020)

Ingevity Corporation Receives Grant to Help Fund Demonstration of 28 Adsorbed Natural Gas-Powered Trucks and Vans with Fleet Partners Across Pennsylvania

First quarter 2021 earnings released: EPS US$1.21 (vs US$1.09 in 1Q 2020)

Ingevity Corporation Revises Earnings Guidance for the Fiscal Year 2021

New 90-day high: €65.00

Ingevity Corporation, Annual General Meeting, Apr 22, 2021

City of Orlando Partners with Ingevity to Pilot Demonstration Fleet of Adsorbed Natural Gas Trucks

Ingevity Corporation Announces Board Changes

Chairman of the Board Richard Kelson has left the company

Ingevity Mourns Passing of Chairman of the Board Rick Kelson

Full year 2020 earnings released: EPS US$4.51 (vs US$4.40 in FY 2019)

Revenue beats expectations

Interim General Counsel & Secretary has left the company

Ingevity Corporation to Report Q4, 2020 Results on Feb 10, 2021

Ingevity Corporation Appoints Stacy Cozad as Executive Vice President, General Counsel and Secretary, Effective February 1, 2021

New 90-day high: €60.50

Market bids up stock over the past week

New 90-day high: €59.00

Market bids up stock over the past week

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Ingevity Names Erik Ripple as Chief Growth and Innovation Officer

Ingevity Corporation to Report Q3, 2020 Results on Oct 28, 2020

New 90-day low: €43.00

Ingevity Corporation Names John C. Fortson as CEO, Effective September 1, 2020

New 90-day high - €53.00

New 90-day high - €52.50

CEO Compensation Analysis