Ingersoll Rand to award $150 million in stock grants to all employees

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Ingersoll Rand Inc. said Monday that it is awarding $150 million in equity grants to its near 16,000 employees worldwide. The industrial technologies company said each eligible employee will receive a grant of the company’s stock equal in value to 20% of that employee’s annual base cash compensation. “This is a $150 million investment in our employees,” said Chief Executive Vicente Reynal. “Our employees have carried us through the beginning of a successful integration between Gardner Denver and the Ingersoll Rand Industrial segment, built a solid foundation and now position us to pivot to growth and achieve great things in the future.” The stock, which is still inactive in premarket trading, has slipped 2.1% year to date while the S&P 500 has gained 2.8%.
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