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AI brief of an SEC Form 8-K · Ingersoll Rand (IR)

Ingersoll Rand grants supplemental equity awards to CFO Vikram Kini and Michael Weatherred

Neutral Impact 2 of 5 leadership Written later

On August 20, 2024, Ingersoll Rand's Compensation Committee granted supplemental equity awards to CFO Vikram Kini and Michael Weatherred, following a mid-year review of named executive officer pay with an independent consultant. The Committee said the grants aim to keep total compensation market competitive and to align executives with long-term value creation, and it expects to factor these awards into future annual grants.

Key points

  • Mr. Kini received 3,591 restricted stock units and 8,694 stock options.
  • Mr. Weatherred received 3,867 restricted stock units and 9,363 stock options.
  • Awards vest in four equal annual installments beginning August 20, 2025, with options priced at $90.50, the closing stock price on August 20, 2024.

The filing

CompanyIngersoll Rand (IR)
Form8-K, current report
Filed with the SECAug 23, 2024, 5:08 PM ET
Accession number0001140361-24-038417

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.