Kini Vikram 4
Research Summary
AI-generated summary
Ingersoll Rand (IR) CFO Vikram Kini Receives Award, Sells Shares
What Happened
- Vikram Kini, Senior Vice President and Chief Financial Officer of Ingersoll Rand, had 16,556 performance-based restricted stock units (RSUs) certified and settled into 16,556 shares on Feb 6, 2026 (award/vesting).
- To cover withholding taxes on the vesting, 5,726 of those shares were surrendered/withheld at $98.50 per share, generating $564,011 in tax-related disposition.
Key Details
- Transaction date: February 6, 2026. Filing date: February 10, 2026 (see note below on timeliness).
- Items reported: Award/vesting (Code A) — 16,556 shares @ $0.00 (deemed earned and settled one-for-one); Tax withholding (Code F) — 5,726 shares disposed @ $98.50, total $564,011.
- Footnotes: F1 — These were performance-based RSUs granted Feb 23, 2023 and certified on Feb 6, 2026 as meeting the performance threshold; settled one-for-one into common shares. F2 — 5,726 shares were withheld to satisfy taxes due on vesting.
- Shares owned after the transaction: Not specified in the provided filing.
- Filing timeliness: Filed Feb 10, 2026 for a Feb 6 transaction. Form 4s are typically due within two business days; investors may want to review the SEC filing for any timeliness designation.
Context
- This was not an open-market purchase or sale for investment gain; it was the standard vesting and settlement of performance RSUs with a portion withheld to pay taxes (a common, administrative transaction).
- Purchases tend to be more informative about insider sentiment; vesting + tax-withholding transactions are routine and reflect compensation mechanics rather than an explicit buy/sell signal.