Form 4: Ingersoll Rand Executive Keene Kathleen M. Reports Stock Transactions

Kathleen M. Keene, a Senior Vice President at Ingersoll Rand Inc., reported the vesting of restricted stock units and the subsequent withholding of shares for tax obligations.

Summary

• On August 9, 2024, Kathleen M. Keene, a Senior Vice President at Ingersoll Rand Inc., reported transactions involving common stock.
• 580 restricted stock units vested, which were settled by delivery of common stock.
• 168 shares were withheld to cover tax obligations related to the vesting of these restricted stock units at a price of $89.47.
• Following these transactions, Keene directly owns 3,829 shares of Ingersoll Rand Inc. common stock and 581 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions related to executive compensation, with no inherent positive or negative implications.

Industry Context

This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding on vesting shares is a standard practice to cover income tax obligations.
• Comparable companies such as 3M, Honeywell, and Siemens also utilize stock-based compensation for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation.
• Employees may be affected by similar stock-based compensation plans.

Key Dates