Kini Vikram 4
Research Summary
AI-generated summary
Ingersoll Rand CFO Vikram Kini Exercises RSUs; Shares Withheld
What Happened
Vikram Kini, Senior Vice President and Chief Financial Officer of Ingersoll Rand (IR), had restricted stock units (RSUs) convert/vest into 3,597 shares on Feb 26–27, 2026 (2,249 shares on Feb 26 and 1,348 shares on Feb 27). To satisfy tax withholding obligations, a total of 1,560 shares were withheld (975 shares at $94.53 on Feb 26 = $92,167; 585 shares at $94.14 on Feb 27 = $55,072), for a combined withholding value of $147,239. These transactions reflect RSU vesting and cashless settlement for tax liabilities rather than a market purchase or sale for investment purposes.
Key Details
- Transaction dates: Feb 26, 2026 and Feb 27, 2026.
- RSUs converted/vested (code M): 2,249 shares (2/26) + 1,348 shares (2/27) = 3,597 shares.
- Shares withheld for taxes (code F): 975 shares @ $94.53 = $92,167; 585 shares @ $94.14 = $55,072; total withheld value = $147,239.
- Shares owned after the transactions: not specified in the provided summary; see the full Form 4 for post-transaction holdings.
- Footnotes: F1 and F2 indicate these were RSUs originally granted on 2/26/2025 and 2/27/2024 that vest in four equal annual installments; F3 notes shares were withheld to pay taxes.
- Filing timeliness: Form 4 filed 2026-03-02 for Feb 26–27 transactions — appears timely (within the 2-business-day window).
Context
These were RSU vesting events (derivative conversion), not open-market buys or discretionary sales. The withheld-share treatment is a routine, cashless method to cover tax obligations and does not necessarily signal the insider’s view on the stock. Transaction codes: M = exercise/conversion of derivative (here, RSU vesting/settlement); F = payment of exercise price or tax liability (shares withheld).