Form 4: Ingersoll Rand Executive Reports Stock Transactions
SEC Form 4
Michael J Scheske, VP and Chief Accounting Officer of Ingersoll Rand Inc., reports the vesting and subsequent tax withholding related to restricted stock units.
Summary
- On March 6, 2024, Michael J Scheske, VP, Chief Accounting Officer of Ingersoll Rand Inc., had 1,012 restricted stock units vest.
- These units, originally granted on March 6, 2020, vest in four equal annual installments.
- Upon vesting, each unit is settled by delivery of one share of common stock, an equivalent amount of cash, or a combination thereof.
- 294 shares were withheld to cover taxes applicable to the vesting of the restricted stock units at a price of $90.24.
- Following the transaction, Scheske directly owns 11,910.179 shares of Ingersoll Rand Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction affects the executive's personal holdings and potentially signals alignment with shareholder interests through equity ownership.
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 1,012 restricted stock units and tax withholding |
| 03/08/2024 | Date of signature for the Form 4 filing |
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