Eaton officer exercises RSUs, withholds shares for tax
Eaton Corp plc officer Peter Denk reported routine equity compensation activity.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 281 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 281 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 124 | $370.88 | $46K |
Footnotes (2)
- F1. 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.
- F2. This field is not applicable.
FAQ
What insider transactions did Peter Denk report for Eaton Corp (ETN)?
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