Eaton director exercises RSUs, withholds shares
Eaton Corp plc director and officer Paulo Ruiz Sternadt reported equity award activity involving restricted stock units and ordinary shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 891 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 891 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 393 | $374.26 | $147K |
Footnotes (2)
- F1. This field is not applicable.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eaton (ETN) insider Paulo Ruiz Sternadt report in this Form 4?
Were the Eaton (ETN) Form 4 transactions open-market buys or sells?
How many Eaton (ETN) restricted stock units vested for Paulo Ruiz Sternadt?
What are the vesting terms of the Eaton (ETN) restricted stock units in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.