Eaton (ETN) officer converts RSUs, withholds shares for taxes in Form 4
Rhea-AI Filing Summary
Eaton Corp plc executive Olivier Leonetti reported multiple equity compensation transactions involving restricted stock units (RSUs) and ordinary shares on February 27, 2026. He acquired 1,162 ordinary shares and 2,466 ordinary shares through the exercise or conversion of RSU awards, at a stated price of $0.00 per share. In connection with these vestings, 339 shares and 1,060 shares of ordinary stock were disposed of at $370.88 per share to satisfy tax withholding obligations, leaving him with 3,511 ordinary shares held directly.
The RSUs being converted were originally granted on February 28, 2024 and March 1, 2024 and vest 33% on each of the first and second anniversaries of the grant date and 34% on the third anniversary. Each RSU represents a contingent right to receive one ordinary share of Eaton.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,162 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,466 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,162 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 339 | $370.88 | $126K |
| Exercise | Ordinary Shares | 2,466 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 1,060 | $370.88 | $393K |
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 restricted stock units were granted on March 1, 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.
