D. Michael Wilson’s holdings saw significant changes during his time as CEO at Ingevity. At the peak of his role in 2017, he held 20,000 restricted stock units valued at around $600,000 when they vested. However, following his resignation in...
D. Michael Wilson’s holdings saw significant changes during his time as CEO at Ingevity. At the peak of his role in 2017, he held 20,000 restricted stock units valued at around $600,000 when they vested. However, following his resignation in 2020, he had to forfeit some of the potential stock options due to unmet performance metrics during a tough economic climate, especially influenced by the pandemic. By 2020, his stock awards diminished entirely as performance-related vesting criteria were not met, meaning his holdings were effectively zero at that time year due to the drop in incentive compensation options. His journey illustrates the fluctuating nature of stock ownership and wealth in executive roles.