Eaton (NYSE: ETN) director nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eaton Corp plc director and officer Paulo Ruiz Sternadt reported equity award activity involving restricted stock units and ordinary shares. On the vesting of previously granted restricted stock units, he exercised or converted 891 units into 891 ordinary shares at a stated price of 0.0000 per share. To satisfy tax obligations tied to this vesting, 393 ordinary shares were disposed of in a tax-withholding transaction at 374.2600 per share. After these transactions, he held 28,227 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
891 shares exercised/converted
Mixed
3 txns
Insider
RUIZ STERNADT PAULO
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 891 | $0.00 | -- |
| Exercise | Ordinary Shares | 891 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 393 | $374.26 | $147K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Ordinary Shares — 28,620 shares (Direct)
Footnotes (1)
- This field is not applicable. These restricted stock units were granted on February 22, 2023 and vested as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.
FAQ
What did Eaton (ETN) insider Paulo Ruiz Sternadt report in this Form 4?
He reported vesting of restricted stock units converting into 891 ordinary shares, followed by a tax-withholding disposition of 393 shares. After these equity award-related transactions, he directly owned 28,227 ordinary shares of Eaton Corp plc.
Were the Eaton (ETN) Form 4 transactions open-market buys or sells?
No, the transactions reflect equity award mechanics, not open-market trades. Restricted stock units were exercised or converted into ordinary shares, and some of those shares were withheld and disposed of solely to cover associated tax liabilities.
How many Eaton (ETN) restricted stock units vested for Paulo Ruiz Sternadt?
A total of 891 restricted stock units vested and were converted into 891 ordinary shares. These units came from a grant dated February 22, 2023, where each unit represented a contingent right to receive one ordinary share of Eaton.
What are the vesting terms of the Eaton (ETN) restricted stock units in this Form 4?
The restricted stock units were granted on February 22, 2023 and vest in three tranches: 33% on the first anniversary, 33% on the second anniversary, and the remaining 34% on the third anniversary of the original grant date.