Equity awards: Eaton (ETN) officer exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eaton Corp plc officer Peter Denk reported routine equity compensation activity. He exercised 281 restricted stock units into the same number of ordinary shares at a stated price of $0.0000 per share and held these directly afterward.
On the same date, 124 ordinary shares were disposed of in a tax-withholding transaction at $370.8800 per share, leaving Denk with 9,102 ordinary shares held directly. The restricted stock units were originally granted on February 28, 2024 and vest 33% on each of the first two anniversaries of the grant date and 34% on the third anniversary, with each unit representing one ordinary share.
Positive
- None.
Negative
- None.
Insider Trade Summary
281 shares exercised/converted
Mixed
3 txns
Insider
Denk Peter
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 281 | $0.00 | -- |
| Exercise | Ordinary Shares | 281 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 124 | $370.88 | $46K |
Holdings After Transaction:
Restricted Stock Units — 289 shares (Direct);
Ordinary Shares — 9,226 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 insider transactions did Peter Denk report for Eaton Corp (ETN)?
Peter Denk reported exercising 281 restricted stock units into ordinary shares and a related tax-withholding disposition of 124 ordinary shares at $370.8800 per share, resulting in 9,102 ordinary shares held directly after the transactions.
Was Peter Denk’s Form 4 for Eaton (ETN) a purchase or a sale?
The Form 4 shows a mixed set of actions: an acquisition of shares through the exercise of 281 restricted stock units and a tax-withholding disposition of 124 ordinary shares, rather than an open-market purchase or sale transaction.
What is the vesting schedule of Peter Denk’s Eaton (ETN) restricted stock units?
The restricted stock units were granted on February 28, 2024 and vest 33% on the first anniversary, 33% on the second anniversary, and the remaining 34% on the third anniversary, with each unit convertible into one ordinary share.
How were Peter Denk’s restricted stock units in Eaton (ETN) settled?
Each restricted stock unit represents a contingent right to receive one ordinary share. In this filing, 281 units were exercised or converted into 281 ordinary shares, consistent with the one-for-one structure described in the grant’s terms.