Company: IR
Filing Date: 2025-04-03
Form Type: 8-K
Source: 0001140361-25-011979
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Company: Ingersoll Rand Inc.
Filing Date: 2025-04-03
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On April 3, 2025, the Board of Directors (the “ Board”) of Ingersoll Rand Inc. (the “ Company”), upon the recommendation of its Nominating and Corporate Governance Committee,
appointed Michelle Swanenburg as a director of the Board, effective April 3, 2025, to serve until the Company’s 2025 Annual Meeting of Stockholders and until the election and qualification of her successor or death, resignation, retirement,
disqualification or removal.

Additionally, the Board appointed Ms. Swanenburg as a member of the Compensation Committee and the Sustainability Committee of the Board, effective upon becoming a
director.

The Board has determined that Ms. Swanenburg qualifies as an independent director for service on the Board and the committees to which she was assigned under the listing
standards of the New York Stock Exchange, the Company’s Corporate Governance Guidelines and rules of the Securities and Exchange Commission, as applicable.

Ms. Swanenburg has no arrangements or understandings with any other person pursuant to which she was selected as a director and is not a party to any transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with her service on the Board, as a non-employee director, Ms. Swanenburg will be compensated on a prorated basis in accordance with the Company’s
compensation policy for non-employee directors of the Board, which consists of the following prorated amounts: (i) an annual retainer of $61,875 and (ii) an award of restricted stock units (“ RSUs”) under the Ingersoll Rand Inc. Amended and Restated
2017 Omnibus Incentive Plan, as amended, with a value of $144,375 and the number of RSUs to be determined based on the closing price, as reported on the New York Stock Exchange, of a share of the Company’s common stock on May 5, 2025 (the “ Grant
Date”) (rounded down to the nearest whole share), pursuant to the Company’s current form of Restricted Stock Unit Grant Notice and Agreement for directors, to vest in full on the one year anniversary of such Grant Date.