Insider at Eaton (ETN) exercises RSUs and withholds 393 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eaton Corp plc officer Monesmith Heath B. exercised 889 restricted stock units on February 27, 2026, receiving 889 ordinary shares at no cost through a derivative conversion. To cover tax obligations, 393 ordinary shares were disposed of at $370.88 per share. Following these transactions, he holds 68,189 ordinary shares directly and 3,506 ordinary shares indirectly through the Eaton Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
889 shares exercised/converted
Mixed
4 txns
Insider
Monesmith Heath B.
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 889 | $0.00 | -- |
| Exercise | Ordinary Shares | 889 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 393 | $370.88 | $146K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 917 shares (Direct);
Ordinary Shares — 68,582 shares (Direct);
Ordinary Shares — 3,506 shares (Indirect, by trustee of ESP)
Footnotes (1)
- These restricted stock units were granted on February 28, 2024 and vest 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. This field is not applicable. These ordinary shares are held in the Eaton Savings Plan.
FAQ
What did Eaton (ETN) officer Monesmith Heath B. report on this Form 4?
He reported exercising 889 restricted stock units into 889 ordinary shares and a related tax-withholding disposition of 393 ordinary shares. After these transactions, he directly owns 68,189 ordinary shares and indirectly holds 3,506 ordinary shares through the Eaton Savings Plan.
How many Eaton (ETN) restricted stock units did the insider convert?
The officer exercised 889 restricted stock units granted on February 28, 2024. Each unit represents a contingent right to receive one ordinary share, so the exercise produced 889 ordinary shares on February 27, 2026 under the vesting schedule described in the grant footnote.
What is the vesting schedule for the Eaton (ETN) restricted stock units?
The restricted stock units granted on February 28, 2024 vest 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary. Each vested unit entitles the holder to receive one ordinary share of Eaton Corp plc.
What does the tax-withholding disposition mean in this Eaton (ETN) Form 4?
The tax-withholding disposition reflects 393 ordinary shares delivered at $370.88 per share to cover tax liabilities related to the restricted stock unit exercise. This is categorized as a payment of tax liability by delivering securities, rather than an open-market sale.