Eaton Corp PLC receives an ownership update from The Vanguard Group. The filing states that The Vanguard Group reports 0 shares beneficially owned of Eaton Corp PLC common stock as of the amendment, following an internal realignment described in the filing. The filing explains certain Vanguard subsidiaries will report ownership separately under SEC Release No. 34-39538.
RUIZ STERNADT PAULO reported acquisition or exercise transactions in this Form 4 filing.
Eaton Corp plc director and officer Paulo Ruiz Sternadt received a grant of 120.975 phantom shares as deferred compensation. These units were credited under Eaton’s deferred incentive compensation plans for bonus and long-term incentive pay earned during 2025.
The number of phantom shares is based on the average of the mean prices of Eaton’s ordinary shares over twenty trading days following the earning period, at a referenced value of $334.161 per share. After this award, Ruiz Sternadt holds a total of 1,609.476 phantom shares, each economically equivalent to one ordinary share of Eaton common stock.
Eaton Corporation plc has issued its 2026 proxy statement for the annual general meeting on April 22, 2026 in Dublin, Ireland. Shareholders will vote on electing 11 directors, reappointing Ernst & Young as independent auditor, an advisory say‑on‑pay resolution, and several Irish law share authorities including the ability to repurchase shares overseas.
The Board highlights strong governance practices such as an independent Chairman, annual director elections, proxy access, majority voting and a 98.8% average 2025 meeting attendance rate. Executive pay is described as heavily performance‑based, with about 80% of named executive officer compensation tied to incentives and a 2025 say‑on‑pay support level of 93.2%. The Board states that most directors are independent under NYSE standards and that no related‑person transactions required disclosure for 2025.
Eaton Corporation plc reported that its subsidiary Eaton Corporation terminated an unused $8,000,000,000 term credit agreement with no penalties after issuing new long-term debt. On March 6, 2026, Eaton Corp sold multiple series of U.S. dollar senior notes with maturities ranging from 2028 to 2056, and on March 10, 2026, Eaton Capital sold euro senior notes maturing in 2034 and 2038.
The U.S. notes, bearing coupons between 3.850% and 5.450%, generated aggregate net proceeds of about $8,436.5 million, while the Euro notes, with coupons of 3.550% and 4.000%, generated about €1,192.1 million in net proceeds. Eaton Corp and Eaton Capital intend to use the funds for general corporate purposes, including completing the previously disclosed acquisition of Boyd Thermal.
The notes and their guarantees are unsecured and unsubordinated obligations of Eaton Corp, Eaton Capital, the parent company and specified subsidiaries, ranking equally with their other unsecured and unsubordinated debt. The securities were issued under an existing shelf registration and detailed indenture structure, and are callable at specified make-whole or par redemption prices depending on the series and date.
Eaton Capital Unlimited Company priced an offering of €600,000,000 3.550% Notes due 2034 and €600,000,000 4.000% Notes due 2038, each fully and unconditionally guaranteed by Eaton Corporation plc and certain Subsidiary Guarantors.
The Notes pay interest annually on March 10 beginning March 10, 2027, are unsecured and rank equally with other unsecured indebtedness, may be redeemed under make-whole or par-call provisions, and are subject to a change-of-control repurchase requirement and certain tax redemption provisions.
Eaton Corporation is offering $8,500,000,000 of senior unsecured notes across six series: $1.5B 3.850% due 2028; $1.5B 3.950% due 2029; $1.5B 4.200% due 2031; $1.0B 4.500% due 2033; $2.0B 4.800% due 2036; and $1.0B 5.450% due 2056.
Interest on each series is payable semi-annually on March 6 and September 6 beginning September 6, 2026. The notes are unsecured, fully and unconditionally guaranteed by Eaton Corporation plc and certain subsidiary guarantors; proceeds will be used for general corporate purposes, including the acquisition of Boyd Thermal.
Eaton Capital Unlimited Company is offering two series of euro‑denominated senior unsecured notes, each fully and unconditionally guaranteed by Eaton Corporation plc and specified wholly‑owned Subsidiary Guarantors. The notes bear annual interest, are unsecured and rank equally with other unsecured indebtedness, and are intended for Eurosystem/NSS settlement.
The issuer intends to apply to list the notes on the NYSE and expects to use net proceeds for general corporate purposes, including to consummate the previously disclosed acquisition of Boyd Thermal. The offering is subject to the terms, optional redemptions, tax‑related redemption provisions and change‑of‑control repurchase mechanics described herein.