nVent Electric (NVT) executive discloses mandatory share sale for taxes
Rhea-AI Filing Summary
nVent Electric plc’s EVP & Chief HR Officer, Lynnette R. Heath, reported share transactions involving company ordinary shares. On 01/02/2026, 2,283.36 ordinary shares were sold at $106.395 per share to cover tax withholding obligations tied to a distribution from a deferral plan. The filing states that this sale was mandated to satisfy tax obligations and did not represent a discretionary trade by the reporting person. The report also notes distributions of shares from the deferral plan and indicates that end-of-period holdings include shares acquired through a dividend reinvestment plan.
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FAQ
What insider transaction did nVent Electric plc (NVT) disclose in this filing?
The filing reports that EVP & Chief HR Officer Lynnette R. Heath had 2,283.36 ordinary shares of nVent Electric plc sold on 01/02/2026 at $106.395 per share to cover tax withholding obligations related to a deferral plan distribution.
Was the nVent Electric (NVT) insider share sale a discretionary trade?
No. The filing states that the shares were sold on behalf of the reporting person to cover tax withholding obligations and that this sale was mandated and does not represent a discretionary trade by the executive.
Who is the reporting person in this nVent Electric plc Form 4?
The reporting person is Lynnette R. Heath, who serves as EVP & Chief HR Officer of nVent Electric plc.
What type of nVent Electric (NVT) shares are involved in the reported transactions?
The transactions involve ordinary shares connected to a deferral plan and holdings related to restricted stock units, with additional shares accumulated through a dividend reinvestment plan.
What is the significance of the deferral plan mentioned for nVent Electric plc (NVT) shares?
The filing explains that some transactions reflect distributions of shares from a deferral plan, and that shares of nVent Electric plc will be delivered to the reporting person in accordance with an irrevocable deferral election.
How are dividend reinvestment plan shares treated in this nVent Electric (NVT) insider report?
The report notes that end-of-period holdings include shares acquired under a dividend reinvestment plan through exempt transactions that are not required to be reported under Section 16(a).