Vicente Reynal - 23 Feb 2023 Form 4 Insider Report for Ingersoll Rand Inc. (IR)

Role
Title: President and Chief Executive Officer, Director
Signature
/s/ Andrew Schiesl, as Attorney-in-Fact
Issuer symbol
IR
Transactions as of
23 Feb 2023
Net transactions value
-$4,535,020
Form type
4
Filing time
27 Feb 2023, 17:04:01 UTC
Previous filing
28 Apr 2023
Next filing
08 Mar 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 Options Exercise +9,187 +4.9% 198,532 23 Feb 2023 Direct F1
transaction IR Common Stock Tax liability $234,570 -4,052 -2% $57.89 194,480 23 Feb 2023 Direct F2
transaction IR Common Stock Sale $2,850,450 -50,000 -26% $57.01 144,480 23 Feb 2023 Direct F3
transaction IR Common Stock Sale $1,450,000 -25,000 -17% $58.00 119,480 23 Feb 2023 Direct
holding IR Common Stock 171,802 23 Feb 2023 See footnote F7
holding IR Common Stock 75,000 23 Feb 2023 See footnote F8
holding IR Common Stock 22,500 23 Feb 2023 See footnote F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IR Restricted Stock Units Options Exercise $0 -9,187 -33% $0.000000 18,374 23 Feb 2023 Common Stock 9,187 Direct F1
transaction IR Restricted Stock Units Award $0 +30,229 $0.000000 30,229 23 Feb 2023 Common Stock 30,229 Direct F4
transaction IR Stock Options (Right to Buy) Award $0 +70,337 $0.000000 70,337 23 Feb 2023 Common Stock 70,337 $57.89 Direct F5
transaction IR Stock Options (Right to Buy) Award $0 +100,000 $0.000000 100,000 23 Feb 2023 Common Stock 100,000 $57.89 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units originally granted on February 23, 2021, which vest in four equal annual installments beginning on February 23, 2022, and upon vesting, will each be settled by delivery of one share of common stock, an equivalent amount of cash, or a combination thereof.
F2 Represents shares withheld to pay taxes applicable to vesting of restricted stock units.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.00 to $57.09, inclusive. The Reporting Person undertakes to provide to Ingersoll Rand Inc., any security holder of Ingersoll Rand Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 These restricted stock units vest in four equal annual installments beginning February 23, 2024 and upon vesting, will each be settled by delivery of one share of common stock, an equivalent amount of cash, or a combination thereof.
F5 These stock options vest in four equal annual installments beginning on February 23, 2024.
F6 Reflects a performance-conditioned stock option grant, the performance of which was certified, and upon certification of the award, the Reporting Person was granted options to purchase 100,000 shares of common stock. The stock options vest on February 23, 2028, subject to the Reporting Person's continued employment through such date and acceleration of vesting in certain termination scenarios.
F7 Held in a trust for the benefit of the Reporting Person and his spouse.
F8 Held in a trust for the benefit of the Reporting Person's descendants.
F9 Held in a trust for the benefit of the Reporting Person's spouse and descendants.

Remarks:

Title: President and Chief Executive Officer