Form 4: Ingersoll Rand Executive Andrew Schiesl Reports Stock Transactions
SEC Form 4 Filing
Andrew Schiesl, a Senior Vice President at Ingersoll Rand, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- On March 6, 2024, Andrew Schiesl, a Senior Vice President at Ingersoll Rand Inc., reported transactions involving common stock and restricted stock units.
- Schiesl exercised 2,137 restricted stock units, which converted into an equal number of common stock shares.
- Simultaneously, 940 shares were withheld to cover tax obligations at a price of $90.24 per share.
- Following these transactions, Schiesl directly owns 51,525 shares of Ingersoll Rand common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 03/06/2020 | Date of original grant of restricted stock units, vesting in four equal annual installments beginning March 6, 2021. |
| 03/06/2021 | First vesting date of restricted stock units. |
| 03/06/2024 | Date of transaction: exercise of restricted stock units and withholding of shares for taxes. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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