Form 4: Ingersoll Rand Executive Andrew Schiesl Sells 35,000 Shares Under 10b5-1 Plan

Andrew Schiesl, Senior Vice President, General Counsel, Chief Compliance Officer and Secretary of Ingersoll Rand Inc., sold 35,000 shares of common stock at $89.46 per share on March 11, 2024, under a pre-arranged trading plan.

Summary

• On March 11, 2024, Andrew Schiesl, a Senior Vice President at Ingersoll Rand Inc., sold 35,000 shares of the company's common stock.
• The sale was executed at a price of $89.46 per share.
• Following the transaction, Schiesl directly owns 16,525 shares of Ingersoll Rand Inc.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 7, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale was pre-planned under a 10b5-1 trading plan, suggesting it's not necessarily indicative of the executive's sentiment towards the company's future prospects.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates