Eaton Corp (NYSE: ETN) executive converts RSUs, withholds shares to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Antonio Galvao, an officer of Eaton Corp plc, exercised 96 restricted stock units on February 27, 2026, converting them into 96 ordinary shares at no cash price. Following a tax-withholding disposition of 27 shares valued at 370.88 each, he now holds 9,669 ordinary shares and 99 restricted stock units directly. These RSUs were granted on February 28, 2024 and vest 33% on each of the first two anniversaries and 34% on the third anniversary, with each unit representing one ordinary share.
Positive
- None.
Negative
- None.
Insider Trade Summary
96 shares exercised/converted
Mixed
3 txns
Insider
Galvao Antonio
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 96 | $0.00 | -- |
| Exercise | Ordinary Shares | 96 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 27 | $370.88 | $10K |
Holdings After Transaction:
Restricted Stock Units — 99 shares (Direct);
Ordinary Shares — 9,696 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 Antonio Galvao report for Eaton Corp (ETN)?
Antonio Galvao reported exercising 96 restricted stock units into 96 ordinary shares and a related tax-withholding disposition of 27 ordinary shares. These moves reflect stock-based compensation vesting and associated tax payments, rather than an open-market purchase or sale.
How do Eaton Corp (ETN) restricted stock units vest for Antonio Galvao?
Galvao’s restricted stock units were granted on February 28, 2024 and vest 33% on the first anniversary, 33% on the second, and 34% on the third. Each restricted stock unit represents a contingent right to receive one Eaton ordinary share upon vesting.