Eaton (ETN) officer exercises 413 RSUs, withholds 180 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eaton Corp plc officer Michael Yelton reported equity compensation activity involving restricted stock units and ordinary shares. On February 27, he exercised 413 restricted stock units, which converted into 413 ordinary shares at a stated price of $0.00 per share, reflecting a derivative exercise rather than an open‑market purchase.
To cover tax obligations, 180 ordinary shares were disposed of at $370.88 per share as a tax‑withholding transaction, not an ordinary sale. After these moves, Yelton directly held 5,590 ordinary shares. He also indirectly held 3,049 ordinary shares through a trustee of an employee savings plan, with related footnotes indicating these shares are in the Eaton Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
413 shares exercised/converted
Mixed
4 txns
Insider
Yelton Michael
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 413 | $0.00 | -- |
| Exercise | Ordinary Shares | 413 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 180 | $370.88 | $67K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 425 shares (Direct);
Ordinary Shares — 5,770 shares (Direct);
Ordinary Shares — 3,049 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 insider transactions did Eaton (ETN) officer Michael Yelton report?
Michael Yelton reported exercising 413 restricted stock units into 413 ordinary shares and a related tax‑withholding disposition of 180 ordinary shares at $370.88 per share. These transactions reflect equity compensation activity rather than open‑market buying or selling of Eaton Corp plc shares.
Were Michael Yelton’s Eaton (ETN) Form 4 transactions open-market purchases or sales?
The Form 4 shows a derivative exercise and tax withholding, not open‑market trades. Yelton exercised 413 restricted stock units into ordinary shares, and 180 shares were disposed of solely to satisfy tax liabilities associated with this equity compensation transaction.
What do the restricted stock units in Eaton (ETN) officer Yelton’s filing represent?
Each restricted stock unit represents a contingent right to receive one Eaton ordinary share. Footnotes state these units were granted February 28, 2024 and vest 33% on the first and second anniversaries, with the remaining 34% vesting on the third anniversary of the grant date.