Ingersoll Rand 8-K, filed Oct 30, 2026

Summary

Ingersoll Rand disclosed that Michael Weatherred, its Senior Vice President of the Precision and Science Technologies segment and Demand Generation and Execution, notified the company of his immediate retirement and will serve in an advisory role through May 2028. The company's Compensation Committee approved a new performance-based equity award for CEO Vicente Reynal and an amended employment agreement that extends his term and raises his base salary.

Key points

• Michael Weatherred retired effective immediately from his roles as Senior Vice President of the Precision and Science Technologies segment and Demand Generation and Execution, and agreed to serve in an advisory role through May 2028.
• Ingersoll Rand's Compensation Committee approved a new performance-based leadership equity incentive award for CEO Vicente Reynal, expected to include 226,098 Performance Stock Units valued at about $17.1 million.
• The PSUs vest over a performance period from January 1, 2027 to December 31, 2031, based on Adjusted EPS compounded annual growth rate and an annual ROIC modifier.
• Reynal's amended and restated employment agreement extends the initial term to February 29, 2032, raises annual base salary to $1,200,000 from $1,100,000, keeps the annual target bonus at 150% of base salary, and adds eligibility for performance-conditioned stock options for fiscal years 2027 through 2031.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.