Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 108

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 108
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Total stock-based compensation expense$58.8 $51.9 $78.9 (1) In 2022, of the $80.0 million of expense for equity awards granted under the 2013 Plan and 2017 Plan, $39.5 million related to the $150 million equity grant to nearly 16,000 employees worldwide announced in the third quarter of 2020.As of December 31, 2024, there was $110.6 million of total unrecognized compensation expense related to outstanding stock option, restricted stock unit and performance share unit awards granted to employees and non-employee directors, as well as 300,000 conditional stock options awarded during the third quarter of 2022 to our Chairman and CEO in which the service date precedes the grant date, and will be granted upon achievement of certain performance targets. These 300,000 stock options have not been included in the Stock Option Awards section below since the grant date has not occurred.SARs, granted under the 2013 Plan, were settled in cash and were accounted for as liability awards. As of December 31, 2024 and 2023, there were no SARs outstanding.

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Stock Option AwardsA summary of the Company’s stock option activity for the year ended December 31, 2024 is presented in the following table (underlying shares in thousands).SharesWeighted-Average Exercise Price(per share)Wtd. Avg. Remaining Contractual Term (years)Aggregate Intrinsic Value of In-The-Money Options(in millions)Outstanding at December 31, 20235,282 $31.09 Granted610 90.55 Exercised or Settled(1,615)19.96 Forfeited(88)65.08 Expired(4)40.22 Outstanding at December 31, 20244,185 43.33 5.5$197.4 Vested at December 31, 20242,708 29.34 4.1$165.5 The per-share weighted average grant date fair value of stock options granted during the years ended December 31, 2024, 2023 and 2022 was $38.97, $25.28 and $21.24, respectively.The intrinsic value of stock options exercised was $114.8 million, $75.0 million and $27.7 million during the years ended December 31, 202