Form 4: Ingersoll Rand Inc. Executive Reynal Vicente Reports Stock Transactions
SEC Form 4
Reynal Vicente, a Director and Officer of Ingersoll Rand Inc., reports transactions involving common stock and restricted stock units.
Summary
- On February 22, 2025, Reynal Vicente exercised 8,240 restricted stock units and acquired 8,240 shares of common stock.
- Also on February 22, 2025, 3,601 shares were withheld to cover taxes related to the vesting of restricted stock units at a price of $83.69.
- On February 23, 2025, Vicente exercised 9,187 and 7,557 restricted stock units, acquiring the same number of common stock shares respectively.
- Additionally on February 23, 2025, 7,318 shares were withheld to cover taxes related to the vesting of restricted stock units at a price of $83.69.
- Following these transactions, Vicente directly owns 190,267 shares of common stock and indirectly owns 147,802 shares through a trust for himself and his spouse, 75,000 shares through a trust for his descendants, and 22,500 shares through a trust for his spouse and descendants.
- Vicente also directly owns 15,115 restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports routine stock transactions related to executive compensation. There is no indication of unusual activity or cause for concern.
Positives
- The exercise of restricted stock units indicates a positive outlook by the executive on the company's future performance.
Future Outlook
The vesting schedule of the restricted stock units suggests continued alignment of executive compensation with long-term company performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages, including restricted stock units, are standard practice among publicly traded companies like Ingersoll Rand.
- Companies such as General Electric, Siemens, and ABB also utilize similar equity-based compensation to align executive interests with shareholder value.
- The vesting schedules and terms of these grants are generally comparable across the industrial sector.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date of original grant of restricted stock units vesting in four equal annual installments beginning on February 22, 2023. |
| 02/23/2021 | Date of original grant of restricted stock units vesting in four equal annual installments beginning on February 23, 2022. |
| 02/23/2023 | Date of original grant of restricted stock units vesting in four equal annual installments beginning on February 23, 2024. |
| 02/22/2025 | Date of stock transactions: exercise of restricted stock units and tax withholding. |
| 02/23/2025 | Date of stock transactions: exercise of restricted stock units and tax withholding. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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