Eaton: Adam A. Wadecki converts grant into 997 shares
The transaction left a reported balance of zero restricted stock units; 390 ordinary shares were delivered or withheld for payment of exercise price or tax liability.
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Rhea-AI Filing Summary
Eaton Corp plc (ETN) reported that Adam A. Wadecki, former Senior Vice President and Controller of its subsidiary Eaton Corporation, converted 997 restricted stock units into 997 ordinary shares on October 2, 2026. A further 390 ordinary shares were delivered or withheld for payment of exercise price or tax liability. The reported post-transaction restricted stock unit balance was zero, and no Rule 10b5-1 plan is reported.
The units were granted on October 2, 2023. They vested at 33% on each of the first and second anniversaries, with the remaining 34% vesting on the third anniversary. Each unit represented a contingent right to receive one ordinary share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 997 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 997 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 390 | $442.83 | $173K |
Footnotes (2)
- F1. These restricted stock units were granted on October 2, 2023 and vested as follows: 33% on each of 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.
- F2. This field is not applicable.
Key Figures
Key Terms
restricted stock units financial
contingent right financial
FAQ
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What were the vesting terms for Adam A. Wadecki's ETN restricted stock units?
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