Hartsock Jennifer 4
Research Summary
AI-generated summary
Ingersoll Rand Director Jennifer Hartsock Converts 2,429 RSUs
What Happened
Jennifer Hartsock, a director of Ingersoll Rand (IR), had 2,429 restricted stock units (RSUs) vest on February 26, 2026 and those RSUs converted into 2,429 shares. The Form 4 shows an acquisition of 2,429 shares (conversion/exercise of a derivative, code M) and a simultaneous disposition of 2,429 shares at $0.00 (derivative), indicating the shares were withheld/used to satisfy withholding obligations rather than sold for cash. No cash proceeds are reported from this transaction.
Key Details
- Transaction date: February 26, 2026
- Report filed: March 2, 2026 (Form 4 accession 0001140361-26-007391)
- Acquired: 2,429 shares via conversion/exercise (code M), price N/A (grant/settlement)
- Disposed: 2,429 shares at $0.00 (derivative) — no cash received (likely tax withholding)
- Footnote: These were RSUs granted 2/26/2025 that vested 2/26/2026 and upon vesting were to be settled in stock, cash, or a combination (F1).
- Shares owned after the transaction: not specified in the provided filing.
- Filing timeliness: no late-filing indication shown in the report.
Context
This is a routine equity-compensation settlement: vested RSUs converted to shares and the resulting shares were withheld to cover taxes. Such transactions are common for directors and are not the same as an open-market sale or purchase; they generally do not signal a change in the insider’s market view. Purchases (actual cash buys) tend to be more informative to investors than withholding/settlement actions.