Company: IR
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0001140361-25-022750
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Company: Ingersoll Rand Inc.
Filing Date: 2025-06-17
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 June 12, 2025, the Board of Directors of Ingersoll Rand Inc. (the “ Company”) expanded the role of Mr. Michael Weatherred, the Company’s Senior
Vice President, IR Execution Excellence (IRX), Business and Commercial Excellence, to include the leadership of the Company’s Precision & Science Technologies (“ PST”) segment. Mr. Weatherred’s new title is Senior Vice President PST Segment,
Demand Generation and Execution, and he will develop processes, built on IRX, to support growth, margin expansion, and optimized capital allocation opportunities across PST.

In connection with his expanded role, the Company’s Compensation Committee (the “ Committee”) approved the following changes to Mr. Weatherred’s
compensation, effective June 16, 2025 (the “ Effective Date”): (i) an annual base salary rate of $600,000; (ii) a revised annual cash payout opportunity of 85% under the terms of the Company’s Management Incentive Plan (the “ MIP”), and an
adjustment of his MIP performance goals to consider the performance of the PST segment for the period following the Effective Date, and (iii) the equity awards described below.

Additionally, following a market review of total compensation provided by the Committee’s independent compensation consultant, the Committee approved
the equity award described below for Mr. Andrew Schiesl, the Company’s Senior Vice President, General Counsel, Chief Compliance Officer, to ensure that the total compensation paid to Mr. Schiesl was market competitive and retentive. The additional
award is in the same form and grant mix, and on the same terms and conditions, as Mr. Schiesl’s annual equity grant, and is intended to supplement his previously reported 2025 annual long-term incentive award.

The Committee approved the following grants to Messrs. Weatherred and Schiesl pursuant to the Company’s Amended and Restated 2017 Omnibus Incentive
Plan (as amended) and the Company’s standard forms of grant notices and award agreements, substantially in the forms filed as exhibits to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024:

  Executive Officer       Restricted Stock Units      Stock Options           Performance Stock  
                                (RSUs) ($ value)          ($ value)      Units (