nVent Electric (NVT) executive uses 2,491 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc executive Brian C. Coleman reported a tax-related share disposition tied to equity compensation. On the vesting of previously reported restricted stock units, 2,491 Ordinary Shares were surrendered to cover applicable taxes, a non-market transaction classified as a tax-withholding disposition. Following this, Coleman directly holds 2,970 Ordinary Shares and 37,271.425 Ordinary Shares underlying restricted stock units, indicating that most of his equity exposure remains in the form of unvested or recently vested awards rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Coleman Brian C.
Role
Pres.-Electrical Connections
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 2,491 | $130.56 | $325K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,970 shares (Direct);
Ordinary Shares - Restricted Stock Units — 37,271.425 shares (Direct)
Footnotes (1)
- Shares surrendered to pay taxes applicable to vesting of restricted stock units. End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
Key Figures
Shares surrendered for taxes: 2,491 shares
Ordinary Shares after transaction: 2,970 shares
RSU-related Ordinary Shares after transaction: 37,271.425 shares
+1 more
4 metrics
Shares surrendered for taxes
2,491 shares
Tax-withholding disposition on RSU vesting
Ordinary Shares after transaction
2,970 shares
Direct holdings following tax-withholding disposition
RSU-related Ordinary Shares after transaction
37,271.425 shares
Ordinary Shares underlying restricted stock units after vesting update
Implied price per surrendered share
$130.56 per share
Value used for 2,491-share tax-withholding disposition
Key Terms
restricted stock units, tax-withholding disposition, Ordinary Shares, end-of-period holdings
4 terms
restricted stock units financial
"Shares surrendered to pay taxes applicable to vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
end-of-period holdings financial
"End-of-period holdings reflect the vesting of restricted stock units that were previously reported."
FAQ
What insider transaction did nVent Electric (NVT) report for Brian C. Coleman?
nVent Electric reported that executive Brian C. Coleman surrendered 2,491 Ordinary Shares to cover taxes due on restricted stock unit vesting. This tax-withholding disposition is not an open-market sale and reflects routine handling of equity compensation obligations.
What does the F transaction code mean in the nVent Electric (NVT) Form 4?
The F transaction code indicates a tax-withholding disposition, where shares are delivered to satisfy tax obligations. In this case, 2,491 Ordinary Shares were surrendered to pay taxes related to restricted stock unit vesting, not sold on the open market.
How does restricted stock unit vesting affect nVent Electric (NVT) insider holdings?
When restricted stock units vest, they convert into Ordinary Shares, increasing the insider’s share holdings. A portion may then be surrendered for taxes, as with the 2,491 shares here, while remaining vested shares and unvested RSUs continue to represent ongoing equity exposure.