Form 4: Ingersoll Rand Inc. Senior Vice President and CFO, Vikram Kini, Reports Stock Transactions
SEC Form 4
Vikram Kini, Senior Vice President and CFO of Ingersoll Rand Inc., reports the vesting and disposal of restricted stock units to cover tax obligations, along with the acquisition of common stock.
Summary
- On February 22, 2025, Vikram Kini, Senior Vice President and CFO of Ingersoll Rand Inc., reported the vesting of 1,648 restricted stock units, which converted into common stock.
- Kini also disposed of 721 shares of common stock at a price of $83.69 to cover tax obligations related to the vesting of restricted stock units, resulting in a holding of 84,483 shares.
- On February 23, 2025, Kini reported the vesting of 1,509 and 1,943 restricted stock units, which converted into common stock.
- Additionally, 1,511 shares were disposed of at $83.69 to cover tax obligations, resulting in a holding of 86,424 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment. It reflects routine compensation practices and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The vesting schedules and tax withholding practices are typical for restricted stock unit grants.
- Comparable companies like Trane Technologies or Carrier Global Corporation would have similar filings from their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date of original grant for 1,648 restricted stock units vesting in four equal annual installments beginning on February 22, 2023. |
| 02/23/2021 | Date of original grant for 1,509 restricted stock units vesting in four equal annual installments beginning on February 23, 2022. |
| 02/23/2023 | Date of original grant for 1,943 restricted stock units vesting in four equal annual installments beginning on February 23, 2024. |
| 02/22/2025 | Vesting of 1,648 restricted stock units and disposal of 721 shares for tax obligations. |
| 02/23/2025 | Vesting of 1,509 and 1,943 restricted stock units and disposal of 1,511 shares for tax obligations. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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