AI English summary of an SEC filing — figures as filed

The company said the Compensation Committee on August 20, 2024 granted additional equity awards to Vikram Kini, Senior Vice President and Chief Financial Officer, and Michael Weatherred, Senior Vice President, IR Execution Excellence (IRX) and Business Excellence.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Aug 23, 2024Period of report Aug 20, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said the Compensation Committee on August 20, 2024 granted additional equity awards to Vikram Kini, Senior Vice President and Chief Financial Officer, and Michael Weatherred, Senior Vice President, IR Execution Excellence (IRX) and Business Excellence.
The company said the committee approved 3,591 restricted stock units (RSUs) and 8,694 stock options for Mr. Kini, and 3,867 RSUs and 9,363 stock options for Mr. Weatherred.
The company said the RSUs and stock options vest in 4 equal annual installments beginning on August 20, 2025, and the per share exercise price of each vested option is $90.50, the closing price of its common stock on August 20, 2024.
The company said the committee approved the additional grants after a mid-year review of total compensation for its named executive officers, conducted with its independent compensation consultant, to make total compensation market competitive. It said the committee plans to reflect the value of these supplemental awards in annual grants to Mr. Kini and Mr. Weatherred in future award cycles.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Ingersoll Rand Grants Supplemental Equity Awards on August 20, 2024

The company said the Compensation Committee on August 20, 2024 granted additional equity awards to Vikram Kini, Senior Vice President and Chief Financial Officer, and Michael Weatherred, Senior Vice President, IR Execution Excellence (IRX) and Business Excellence.

Source · Based on the filing body and exhibits

Vikram Kini 3,591 RSUs, 8,694 Options; Michael Weatherred 3,867 RSUs, 9,363 Options

The company said the committee approved 3,591 restricted stock units (RSUs) and 8,694 stock options for Mr. Kini, and 3,867 RSUs and 9,363 stock options for Mr. Weatherred.

Source · Based on the filing body and exhibits

4-Year Ratable Vesting; Exercise Price $90.50

The company said the RSUs and stock options vest in 4 equal annual installments beginning on August 20, 2025, and the per share exercise price of each vested option is $90.50, the closing price of its common stock on August 20, 2024.

Source · Based on the filing body and exhibits

Mid-Year Pay Review Reflected in Future Annual Grants

The company said the committee approved the additional grants after a mid-year review of total compensation for its named executive officers, conducted with its independent compensation consultant, to make total compensation market competitive. It said the committee plans to reflect the value of these supplemental awards in annual grants to Mr. Kini and Mr. Weatherred in future award cycles.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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