Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The expense related to stock options granted in the period from the Separation through June 30, 2016 was based on the assumptions shown in the table below:



Assumptions used to calculate expense for stock options	For the period from Separation through June 30, 2016
Risk-free interest rate	1.6		%
Average life of options (years)	6.5
Volatility	35.0		%
Dividend yield	—
Fair value per stock option	$	10.43

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes Ingevity's stock option activity for the period from the Separation through June 30, 2016 as there was no Ingevity stock option activity prior to Separation.



Assumptions used to calculate expense for stock options	Number of shares (in thousands)	Weighted average exercise price (per share)		Weighted average remaining contractual term (years)	Aggregate intrinsic value (in thousands)
Outstanding, May 15, 2016	—	N/A
Granted	208	$	27.53
Exercised	—	N/A
Forfeited	—	N/A
Canceled	—	N/A
Outstanding, June 30, 2016	208	$	27.53	9.9	$	1,355
Exercisable, June 30, 2016	—	N/A		N/A	N/A

Schedule of Nonvested Share Activity

Nonvested awards of RSUs, both with and without performance feature, as of June 30, 2016 are shown below. The weighted-average grant-date fair value of RSUs granted during 2016 was $27.77.



	Number of shares (in thousands)	Weighted average grant date fair value (per share)
Nonvested, May 15, 2016	—	N/A
Granted	314	$	27.77
Vested	—	N/A
Forfeited	—	N/A
Nonvested, June 30, 2016	314	$	27.77