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Sept. 21, 2020, 6:46 a.m. EDT

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

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By Tomi Kilgore

Ingersoll Rand Inc. /zigman2/quotes/202048975/composite IR -0.79% 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 /zigman2/quotes/210599714/realtime SPX -0.14% has gained 2.8%.

/zigman2/quotes/202048975/composite
US : U.S.: NYSE
$ 36.27
-0.29 -0.79%
Volume: 262,897
Oct. 27, 2020 11:02a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$15.25 billion
Rev. per Employee
$401,463
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/zigman2/quotes/210599714/realtime
US : S&P US
3,396.13
-4.84 -0.14%
Volume: 660.99M
Oct. 27, 2020 11:02a
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