Form 4: Ingersoll Rand Inc. Executive Kini Vikram Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President and CFO of Ingersoll Rand Inc., Kini Vikram, reports the vesting of restricted stock units and associated tax withholding.
Summary
- On June 30, 2024, Kini Vikram, Senior Vice President and CFO of Ingersoll Rand Inc., reported transactions involving common stock.
- 1,334 restricted stock units vested and were converted into common stock.
- 594 shares were withheld to cover taxes related to the vesting of these units at a price of $90.84 per share.
- Following these transactions, Kini Vikram directly owns 67,138 shares of Ingersoll Rand Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices.
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 transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal impact on the company's financials.
Key Dates
| Date | Description |
|---|---|
| June 30, 2020 | Original grant date of the restricted stock units. |
| June 30, 2021 | First vesting date of the restricted stock units in equal annual installments. |
| June 30, 2024 | Date of the reported transaction: vesting of restricted stock units and tax withholding. |
| July 02, 2024 | Date of the Form 4 filing. |
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