Vicente Reynal - 06 Mar 2024 Form 4 Insider Report for Ingersoll Rand Inc. (IR)

Role
Title: Chairman, President and Chief Executive Officer, Director
Signature
/s/ Andrew Schiesl, as Attorney-in-Fact
Issuer symbol
IR
Transactions as of
06 Mar 2024
Net transactions value
-$600,908
Form type
4
Filing time
08 Mar 2024, 19:28:05 UTC
Previous filing
29 Feb 2024
Next filing
05 Jun 2024
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 +15,069 +16% 107,026 06 Mar 2024 Direct F1
transaction IR Common Stock Tax liability $600,908 -6,659 -6.2% $90.24 100,367 06 Mar 2024 Direct F2
holding IR Common Stock 147,802 06 Mar 2024 See footnote F3
holding IR Common Stock 75,000 06 Mar 2024 See footnote F4
holding IR Common Stock 22,500 06 Mar 2024 See footnote F5

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 -15,069 -100% $0.000000* 0 06 Mar 2024 Common Stock 15,069 Direct F1
transaction IR Restricted Stock Units Award $0 +250,000 $0.000000 250,000 06 Mar 2024 Common Stock 250,000 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 March 6, 2020, which vest in four equal annual installments beginning on March 6, 2021, 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 Held in a trust for the benefit of the Reporting Person and his spouse.
F4 Held in a trust for the benefit of the Reporting Person's descendants.
F5 Held in a trust for the benefit of the Reporting Person's spouse and descendants.
F6 Represents a performance-conditioned restricted stock unit award granted on September 1, 2022 and not previously reported due to a performance-vesting condition, the performance of which was deemed satisfied on March 6, 2024. The restricted stock units do not vest until September 1, 2027, subject to the Reporting Person's continued employment through such date, and as such, are designed to provide a significant retention incentive. Upon vesting, the restricted stock units will each be settled by delivery of one share of common stock.

Remarks:

Title: Chairman, President and Chief Executive Officer