Ingersoll Rand Inc. (IR) Form 8-K — Oct 30, 2026
Ingersoll Rand announced that SVP Michael Weatherred is retiring effective immediately, with internal promotions naming Scott Watson to lead IT&S North America and EMEIA and Shaun Carlson to lead the Precision and Science Technologies segment. Weatherred will stay on in an advisory role through May 2028. The Board also approved a new employment agreement with CEO Vicente Reynal, extending his term to February 29, 2032 and raising base salary to $1.2 million, plus a performance-based grant of 226,098 PSUs valued at roughly $17.1 million that fully vest only if Adjusted EPS compounds at 10% annually through 2031.
Key figures
- Psu grant
- 226,098 PSUs (~$17.1 million) vesting on Adjusted EPS CAGR of 10% (2027-2031)
- Cinc severance
- 1.5x base salary
- Ceo base salary
- $1,200,000 (up from $1,100,000)
- Ceo target bonus
- 150% of base salary
- Annual option grants
- 50,000-100,000 options per year FY2027-2031 tied to 9-10% Adjusted EPS growth
- Acquisitions since 2020
- more than 80
- Aircraft personal use cap
- $400,000 per year
AI analysis
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