Form 4: Ingersoll Rand Executive Michael Weatherred Reports Stock Transactions
SEC Form 4 Filing
Michael Weatherred, a Senior Vice President at Ingersoll Rand, reported the vesting of restricted stock units and subsequent tax withholding on March 6, 2024.
Summary
- On March 6, 2024, Michael Weatherred, a Senior Vice President at Ingersoll Rand, reported transactions involving Ingersoll Rand common stock.
- Specifically, 1,575 restricted stock units vested, which were originally granted on March 6, 2020, and vest in four equal annual installments beginning on March 6, 2021.
- Upon vesting, each unit is settled by delivery of one share of common stock, an equivalent amount of cash, or a combination thereof.
- 698 shares were withheld to cover taxes applicable to the vesting of the restricted stock units at a price of $90.24 per share.
- Following these transactions, Weatherred directly owns 45,596.852 shares of Ingersoll Rand common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/06/2020 | Original grant date of restricted stock units |
| 03/06/2021 | First vesting date of restricted stock units |
| 03/06/2024 | Vesting of restricted stock units and tax withholding |
| 03/08/2024 | Date of Form 4 signature |
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