Form 4: Ingersoll Rand Inc. Executive Andrew R. Schiesl Reports Stock Transactions
SEC Form 4 Filing
Andrew R. Schiesl, a Senior Vice President at Ingersoll Rand Inc., reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- On February 22 and 23, 2025, Andrew R. Schiesl, a Senior Vice President at Ingersoll Rand Inc., reported transactions involving common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
- Specifically, 1,295 restricted stock units vested on February 22, 2025, and 1,303 and 1,242 restricted stock units vested on February 23, 2025.
- A total of 566 shares were disposed of on February 22, 2025, and 1,113 shares were disposed of on February 23, 2025, at a price of $83.69 to cover taxes.
- Following these transactions, Schiesl directly owns 33,007 shares of Ingersoll Rand Inc. common stock and 2,483 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The practice of selling shares to cover tax obligations upon vesting is a common practice among executives at publicly traded companies.
- Companies like General Electric, Siemens, and ABB, which operate in similar industrial sectors, also utilize equity-based compensation for their executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
- The vesting of restricted stock units incentivizes the executive to focus on long-term value creation for the company.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date of original grant for some of the restricted stock units that vested on February 22, 2025. |
| 02/23/2021 | Date of original grant for some of the restricted stock units that vested on February 23, 2025. |
| 02/23/2023 | Date of original grant for some of the restricted stock units that vested on February 23, 2025. |
| 02/22/2025 | Date of vesting of 1,295 restricted stock units and disposal of 566 shares to cover taxes. |
| 02/23/2025 | Date of vesting of 1,303 and 1,242 restricted stock units and disposal of 1,113 shares to cover taxes. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.