Form 4: Ingersoll Rand VP Scheske Reports Stock Transactions
SEC Form 4 Filing
Michael J Scheske, VP and Chief Accounting Officer of Ingersoll Rand Inc., reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- Michael J Scheske, VP, Chief Accounting Officer of Ingersoll Rand Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report covers transactions occurring between February 22, 2025, and February 23, 2025.
- These transactions involve the vesting of restricted stock units and the subsequent withholding of shares to cover applicable taxes.
- Scheske acquired shares through the vesting of restricted stock units and disposed of shares to cover tax obligations.
- After these transactions, Scheske directly owns 13,310.179 shares of Ingersoll Rand Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on routine stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date of original grant of 647 restricted stock units which vest in four equal annual installments beginning on February 22, 2023. |
| 02/23/2021 | Date of original grant of 754 restricted stock units which vest in four equal annual installments beginning on February 23, 2022. |
| 02/23/2023 | Date of original grant of 680 restricted stock units which vest in four equal annual installments beginning on February 23, 2024. |
| 02/22/2025 | Vesting of 647 restricted stock units and withholding of 220 shares for taxes. |
| 02/23/2025 | Vesting of 754 and 680 restricted stock units and withholding of 461 shares for taxes. |
| 02/25/2025 | Date of signature of the report. |
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.