Form 4: Ingersoll Rand Executive Reports Stock Award Vesting and Tax Withholding
SEC Form 4 Filing
Elizabeth Meloy Hepding, a Senior Vice President at Ingersoll Rand, reports the vesting of performance-based restricted stock units and the subsequent withholding of shares for tax obligations.
Summary
- On February 10, 2025, Elizabeth Meloy Hepding, Senior Vice President at Ingersoll Rand, reported a transaction involving Ingersoll Rand common stock.
- The transaction involved the vesting of performance-based restricted stock units, which were granted on February 22, 2022, and met the performance threshold, resulting in 9,888 shares being awarded.
- These restricted stock units vested immediately and settled into shares of common stock on a one-for-one basis.
- Additionally, 2,909 shares were withheld to cover taxes associated with the vesting of these restricted stock units at a price of $92.18 per share.
- Following these transactions, Hepding directly owns 13,538 shares of Ingersoll Rand common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The vesting indicates performance goals were met, which is mildly positive, but the tax withholding is a standard procedure.
Positives
- The vesting of performance-based restricted stock units indicates that performance goals were met, which could be viewed positively.
Negatives
- The withholding of shares to cover taxes reduces the number of shares the executive ultimately receives.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity-based compensation of key personnel.
Stakeholder Impact
- Shareholders may be interested in executive compensation details as it relates to company performance.
- Employees may be interested in executive compensation details as it relates to company performance.
Key Dates
| Date | Description |
|---|---|
| February 22, 2022 | Reporting Person was granted restricted stock units subject to performance-based vesting conditions. |
| February 10, 2025 | Restricted stock units were certified as meeting the performance threshold and vested; shares were also withheld for taxes. |
| February 12, 2025 | Date of signature for the Form 4 filing. |
Keywords
Ingersoll Rand, Elizabeth Meloy Hepding, Form 4, Stock Vesting, Restricted Stock Units, Tax Withholding, Executive Compensation, IR
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