Ingersoll Rand Extends CEO Vicente Reynal’s Contract Through 2032

Ingersoll Rand Inc. has entered into an amended and restated employment agreement with Chief Executive Officer and President Vicente Reynal, according to an 8-K filed with the SEC.

The agreement, dated October 27, 2026, replaces Reynal's prior employment contract from September 2022 and extends his term through February 29, 2032, with automatic one-year renewals unless either party gives 90 days' notice.

Reynal's base salary is set at $1,200,000 per year, with a target annual bonus equal to 150% of base salary.

The agreement includes a grant of 226,098 performance stock units scheduled for November 23, 2026. It also provides for additional stock option grants each fiscal year from 2027 through 2031, ranging from 50,000 to 100,000 shares depending on whether the company's Adjusted EPS growth reaches 9% to 10% or more over the prior year, with interpolation for results in between.

Reynal is eligible for 20 days of annual vacation and benefits on par with other senior executives. The agreement caps his personal use of company aircraft at $400,000 in incremental annual cost to the company. It also includes indemnification and directors and officers liability coverage consistent with the company's certificate of incorporation and bylaws.

Finazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 29, 2026