Form 4: Ingersoll Rand Executive Michael A. Weatherred Reports Stock and Options Acquisition

Michael A. Weatherred, a Senior Vice President at Ingersoll Rand, reported the acquisition of restricted stock units and stock options.

Summary

• On August 20, 2024, Michael A. Weatherred, a Senior Vice President at Ingersoll Rand, reported acquiring 3,867 restricted stock units and 9,363 stock options.
• The restricted stock units vest in four equal annual installments starting August 20, 2025, and will be settled with common stock, cash, or a combination.
• The stock options also vest in four equal annual installments beginning August 20, 2025, and expire on August 20, 2034.
• The exercise price for the stock options is $90.5.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a routine disclosure of executive compensation. The acquisition of stock options and restricted stock units could be seen as a positive sign of confidence, but it's a standard practice.

Positives

• The acquisition of stock options and restricted stock units by a senior executive could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Executive compensation through stock options and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard components of executive compensation packages in similar industrial companies such as 3M, Honeywell, and General Electric.
• The vesting schedules and exercise prices are generally in line with industry norms for long-term incentive plans.

Stakeholder Impact

• The acquisition of stock options and restricted stock units by a senior executive could potentially align management's interests with those of shareholders.

Key Dates