secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0001140361-22-032233
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Ingersoll Rand grants CEO 1M PSUs, conditional options; new employment agreement
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- 1,000,000 PSUs: 250,000 TSR PSUs ($81.85 target) and 750,000 EPS PSUs (10%-15% CAGR).
- Conditional annual stock option grants of 100,000 shares each year 2022-2026 if adjusted EPS growth ≥12% YoY.
- New employment agreement: 5-yr term, base salary $1.1M (+$100K), target bonus 150% unchanged.
- Post-termination non-compete extended from 12 to 24 months; double-trigger change-in-control provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000114036122032233/0001140361-22-032233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000114036122032233/brhc10041596_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-032233

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