Eaton (ETN) director Napoli exercises 621 RSUs and gets 470-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eaton Corp plc director Silvio Napoli reported routine equity compensation activity. On May 6, 2026, he exercised 621 ordinary-share-linked restricted stock units, converting them into ordinary shares, and 299 ordinary shares were disposed of to cover tax obligations.
He also received a new grant of 470 restricted stock units as compensation for his service on the Board of Directors. After these transactions, Napoli directly holds 1,756 ordinary shares and 470 restricted stock units, with each unit representing a contingent right to receive one ordinary share.
Positive
- None.
Negative
- None.
Insider Trade Summary
621 shares exercised/converted
Mixed
4 txns
Insider
Napoli Silvio
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 621 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 470 | $0.00 | -- |
| Exercise | Ordinary Shares | 621 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 299 | $416.50 | $125K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Ordinary Shares — 2,055 shares (Direct, null)
Footnotes (1)
- The restricted stock units were granted to the reporting person as compensation for the reporting person's service as a member of the Issuer's Board of Directors and vested in their entirety on the first anniversary of the date of grant. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer. This field is not applicable. Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature. The restricted stock units were granted to the reporting person as compensation for the reporting person's service as a member of the Issuer's Board of Directors. These restricted stock units will vest in their entirety on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer. Shares have been adjusted to account for reinvested dividends.
Key Figures
Tax-withholding shares: 299 shares
Ordinary shares from RSU exercise: 621 shares
New RSU grant: 470 units
+3 more
6 metrics
Tax-withholding shares
299 shares
Ordinary shares disposed to cover tax liability on May 6, 2026 at $416.50
Ordinary shares from RSU exercise
621 shares
Ordinary shares acquired via derivative exercise on May 6, 2026
New RSU grant
470 units
Restricted stock units granted as director compensation on May 6, 2026
Shares held after transactions
1,756 shares
Directly owned ordinary shares following reported transactions
RSUs outstanding after grant
470 units
Restricted stock units remaining after exercise and new award
Implied market value of tax shares
$124,523.50
299 shares at $416.50 per share for tax withholding disposition
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, dividend equivalent reinvestment feature, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units were granted to the reporting person as compensation for the reporting person's service"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
dividend equivalent reinvestment feature financial
"Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature"
reinvested dividends financial
"Shares have been adjusted to account for reinvested dividends"
Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.
FAQ
What insider transactions did Eaton (ETN) director Silvio Napoli report?
Silvio Napoli reported an equity award, an option-like RSU exercise, and a related tax share withholding. He exercised 621 restricted stock units into ordinary shares, had 299 shares withheld for taxes, and received 470 new restricted stock units as director compensation.
What equity award did Silvio Napoli receive from Eaton (ETN) on May 6, 2026?
Silvio Napoli received a grant of 470 restricted stock units as compensation for serving on Eaton’s Board of Directors. These units are scheduled to vest in full on the first anniversary of the grant date, each converting into one ordinary share when vesting occurs.
How do Silvio Napoli’s Eaton (ETN) restricted stock units work?
Each restricted stock unit gives Napoli a contingent right to receive one ordinary Eaton share upon vesting. The filing notes grants tied to board service, full vesting after one year, and adjustments for reinvested dividends, which can increase the number of units over time.