Eaton (ETN) director converts RSUs to shares and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eaton Corp plc director and officer Paulo Ruiz Sternadt reported equity award activity. On February 27, 2026 he exercised 691 restricted stock units for 691 ordinary shares at a stated price of $0.00 per share. To cover tax obligations, 305 ordinary shares were disposed of at $370.88 per share through tax withholding, a non-market transaction. After these transactions, he directly holds 33,508 ordinary shares and 713 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
691 shares exercised/converted
Mixed
3 txns
Insider
RUIZ STERNADT PAULO
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 691 | $0.00 | -- |
| Exercise | Ordinary Shares | 691 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 305 | $370.88 | $113K |
Holdings After Transaction:
Restricted Stock Units — 713 shares (Direct);
Ordinary Shares — 33,813 shares (Direct)
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.
FAQ
What did Paulo Ruiz Sternadt report in this Eaton (ETN) Form 4 filing?
He reported exercising 691 restricted stock units into 691 Eaton ordinary shares and a related tax-withholding share disposition. These transactions reflect equity compensation activity rather than open-market buying or selling, and adjust his reported direct ownership balances in Eaton securities.
How many restricted stock units did the Eaton (ETN) director convert?
He converted 691 restricted stock units into 691 Eaton ordinary shares at a stated price of $0.00 per share. Each restricted stock unit represented a contingent right to receive one ordinary share upon vesting and exercise according to the original award terms.
What are Paulo Ruiz Sternadt’s Eaton (ETN) holdings after these transactions?
Following the transactions, he directly holds 33,508 Eaton ordinary shares and 713 restricted stock units. These balances reflect the net effect of exercising 691 units into shares and delivering 305 shares for tax purposes connected to the equity compensation event reported.
When were the reported Eaton (ETN) equity transactions executed?
All three reported transactions occurred on February 27, 2026. They include the exercise of 691 restricted stock units into ordinary shares and the related tax-withholding disposition of 305 shares, as part of the administration of Eaton’s equity compensation arrangements for the reporting person.
What are the vesting terms of the Eaton (ETN) restricted stock units mentioned?
The restricted stock units were granted on February 28, 2024 and vest 33% on the first and second anniversaries, with 34% vesting on the third. Each unit provides a contingent right to receive one Eaton ordinary share upon vesting and settlement.