Eaton (ETN) executive receives new share, RSU and option awards

Rhea-AI Filing Summary

Eaton Corp plc executive Michael Yelton reported a mix of equity awards, vesting, and tax-related share withholdings. On February 25, 2026, he acquired 4,251 ordinary shares, 3,100 stock options, and 1,045 restricted stock units as grants. The stock options and new restricted stock units vest 33% on the first and second anniversaries of the grant date and 34% on the third.

On February 26, 2026, 384 restricted stock units vested and were converted into the same number of ordinary shares. To cover taxes on vested performance share awards, 1,567 shares were withheld at $372.96 per share and 168 shares were withheld at $367.49 per share. Yelton also reports 3,049 ordinary shares held indirectly in the Eaton Savings Plan by a trustee.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yelton Michael

(Last) (First) (Middle)

1000 EATON BOULEVARD

(Street)

CLEVELAND OH 44122

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Eaton Corp plc [ ETN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks below.

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	02/25/2026		A		4,251(1)	A	$0	6,708	D
Ordinary Shares	02/26/2026		F		1,567(2)	D	$372.96	5,141	D
Ordinary Shares	02/26/2026		M		384	A	$0	5,525	D
Ordinary Shares	02/26/2026		F		168	D	$367.49	5,357	D
Ordinary Shares								3,049(7)	I	by trustee of ESP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$373.53	02/25/2026		A		3,100		02/25/2027(3)	02/25/2036	Ordinary Shares	3,100	$0	3,100	D
Restricted Stock Units	$0	02/25/2026		A		1,045		02/25/2027(4)	(6)	Ordinary Shares	1,045	$0	1,045	D
Restricted Stock Units	$0	02/26/2026		M			384	02/26/2026(5)	(6)	Ordinary Shares	384	$0	781	D

Explanation of Responses:

1. These shares were acquired upon the vesting of performance share awards.

2. Represents shares withheld to cover taxes incurred in connection with the settlement of the performance share awards that vested February 25, 2026.

3. These stock options become exercisable 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.

4. These restricted stock units were granted on February 25, 2026 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.

5. These restricted stock units were granted on February 26, 2025 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.

6. This field is not applicable.

7. These ordinary shares are held in the Eaton Savings Plan.

Remarks:

President - Americas Region, Electrical Sector of Eaton Corporation, a subsidiary of the Issuer.

	/s/ Heejin Jun, as Attorney-in-Fact	02/27/2026
	** Signature of Reporting Person	Date
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FAQ

What equity awards did Michael Yelton report in Eaton (ETN)'s latest Form 4?

Michael Yelton reported receiving 4,251 ordinary shares, 3,100 stock options, and 1,045 restricted stock units as equity awards. These grants form part of his compensation and vest over three years, aligning his interests with long-term Eaton Corp plc performance.

How do the new Eaton (ETN) stock options granted to Michael Yelton vest?

The 3,100 Eaton stock options granted to Michael Yelton vest 33% on the first anniversary, 33% on the second, and 34% on the third. This staggered schedule encourages multi-year retention and performance, as full exercisability occurs only after three years from the grant date.

What happened to Michael Yelton's restricted stock units in the Eaton (ETN) Form 4?

Yelton received 1,045 new restricted stock units on February 25, 2026, vesting 33%, 33%, and 34% over three years. Separately, 384 previously granted units vested on February 26, 2026 and converted into ordinary shares, increasing his directly held Eaton share count.

Were any of Michael Yelton’s Eaton (ETN) shares sold in the open market?

The Form 4 shows no open-market sales. Instead, 1,567 shares at $372.96 and 168 shares at $367.49 were withheld to satisfy taxes on vested performance share awards. These tax-withholding dispositions reduce net shares delivered without reflecting discretionary selling activity.

What indirect Eaton (ETN) share holdings does Michael Yelton report?

Yelton reports 3,049 ordinary shares held indirectly in the Eaton Savings Plan by a trustee. This indicates retirement or savings-plan ownership rather than personally held certificates, and reflects additional economic exposure to Eaton beyond his directly owned ordinary shares and derivatives.

How do the Eaton (ETN) restricted stock units granted earlier vest for Michael Yelton?

Restricted stock units granted February 26, 2025 vest 33% on the first anniversary, 33% on the second, and 34% on the third. Each unit represents a contingent right to receive one ordinary share, tying long-term compensation to Eaton’s future share performance.