Hepding Elizabeth Meloy 4

What Happened Elizabeth Meloy Hepding, Senior Vice President, Corporate Development at Ingersoll Rand (IR), exercised 18,246 stock options on Feb 17, 2026 (exercise price $49.52, cost $903,542) and sold the 18,246 shares the same day in an open-market transaction at $97.11 per share for proceeds of $1,771,869. The filing also records a derivative conversion/disposition entry at $0 associated with the option exercise.

Key Details

• Transaction date: 2026-02-17 (Form filed 2026-02-19; appears timely)
• Exercise: 18,246 shares @ $49.52 = $903,542 (transaction code M)
• Sale: 18,246 shares @ $97.11 = $1,771,869 (transaction code S)
• Net difference (gross proceeds minus exercise cost): ~$868,327 (before taxes/fees)
• Footnote: F1 — the options exercised were fully vested and exercisable
• Shares owned after transaction: not specified in the provided filing excerpt
• No 10b5-1 plan or tax-withholding specifics disclosed in the available data

Context Because the options were exercised and the resulting shares were sold the same day, this is effectively a cashless exercise (exercise followed by immediate sale to realize proceeds and cover exercise cost/taxes). Sales by executives are common for liquidity and do not necessarily indicate a change in view on the company; purchases are generally more informative about insider sentiment.