Vikram Kini - 13 Feb 2023 Form 4 Insider Report for Ingersoll Rand Inc. (IR)

Role
Senior Vice President and CFO
Signature
/s/ Andrew Schiesl, as Attorney-in-Fact
Issuer symbol
IR
Transactions as of
13 Feb 2023
Net transactions value
-$784,415
Form type
4
Filing time
15 Feb 2023, 17:38:37 UTC
Previous filing
05 Jul 2022
Next filing
23 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IR Common Stock Award $0 +14,392 +68% $0.000000 35,405 13 Feb 2023 Direct F1
transaction IR Common Stock Award $0 +21,336 +60% $0.000000 56,741 13 Feb 2023 Direct F2
transaction IR Common Stock Tax liability $784,415 -13,661 -24% $57.42 43,080 13 Feb 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 6, 2020, the Reporting Person was granted restricted stock units subject to performance-based vesting conditions. On February 13, 2023, these units were certified as meeting the performance threshold that resulted in vesting of 200% of the targeted number of restricted stock units and these restricted stock units, which were not previously reported, were deemed earned and vested immediately and settled into shares of common stock on a one-for-one basis.
F2 On June 30, 2020, the Reporting Person was granted restricted stock units subject to performance-based vesting conditions. On February 13, 2023, these units were certified as meeting the performance threshold that resulted in vesting of 200% of the targeted number of restricted stock units and these restricted stock units, which were not previously reported, were deemed earned and vested immediately and settled into shares of common stock on a one-for-one basis.
F3 Represents shares withheld to pay taxes applicable to vesting of performance-based restricted stock units described herein.