Results
Ingevity Corporation
06/24/2026 | Press release | Distributed by Public on 06/24/2026 14:50
Management Change/Compensation (Form 8-K)
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On June 22, 2026, Ryan Cotterman, age 44, was appointed as Vice President, Chief Accounting Officer and principal accounting officer of Ingevity Corporation (the "Company"). Mr. Cotterman most recently served as Senior Director, Corporate Controller of Ralliant Corporation (NYSE: RAL), a publicly traded precision technology company spun off from Fortive Corporation (NYSE: FTV), which he joined in 2025. Prior to that, Mr. Cotterman served as Vice President, Corporate Controller of Cornerstone Building Brands, Inc. from 2023 to 2024. From 2017 to 2023, Mr. Cotterman held positions of increasing responsibility at Advance Auto Parts, Inc. (NYSE: AAP), most recently as Vice President, Assistant Controller. Earlier in his career, Mr. Cotterman spent 14 years with Ernst & Young LLP, rising to Assurance Services Senior Manager (2004-2017), where he led audits and initial public offerings for SEC-registered clients across the manufacturing, life sciences, technology, and SaaS sectors. Mr. Cotterman received a Bachelor of Science in Accounting from Le Moyne College. He is a Certified Public Accountant licensed in the State of North Carolina.
In connection with his appointment, Mr. Cotterman's initial annual base salary will be $345,000, his initial annual bonus target will be 40% of base salary, and his initial long-term incentive opportunity will be 65% of base salary, which will commence in 2027. Mr. Cotterman will receive a one-time, sign-on cash bonus of $40,000 and an equity award of restricted stock units with a grant date target value of $150,000, vesting over a three-year period. Mr. Cotterman will be eligible to participate in standard Company benefit programs generally available to similarly situated employees.
There are no arrangements or understandings between Mr. Cotterman and any other persons pursuant to which he was selected as an officer, he has no family relationships with any of the Company's directors or executive officers, and there are no transactions involving the Company and Mr. Cotterman that are required to be reported pursuant to Item 404(a) of Regulation S-K.
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