RSU awards lift nVent (NYSE: NVT) supply chain chief’s stake
Rhea-AI Filing Summary
nVent Electric plc reported that EVP and Chief Supply Chain Officer Mellinda Devese received two grants of restricted stock units on April 10, 2026. One award covers 5,362 RSUs that vest in three equal parts on the first, second, and third anniversaries of that date.
The second award covers 7,659 RSUs that vest 100% on the fourth anniversary of April 10, 2026. Each unit converts into one ordinary share upon vesting, bringing Devese’s reported direct holdings after these grants to 13,021 ordinary shares.
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Insights
Routine RSU compensation increases an executive’s equity stake over time.
The filing shows Mellinda Devese, EVP and Chief Supply Chain Officer, receiving two equity awards totaling 13,021 restricted stock units under the 2018 Omnibus Incentive Plan. These RSUs represent stock-based compensation rather than open-market buying or selling.
One grant vests in thirds over three years starting on April 10, 2026, while the other cliff-vests after four years. This multi-year vesting structure is typical, encouraging longer-term retention and alignment with shareholder value. The awards are new acquisitions, with no related sales or option exercises disclosed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares - Restricted Stock Units | 5,362 | $0.00 | -- |
| Grant/Award | Ordinary Shares - Restricted Stock Units | 7,659 | $0.00 | -- |
Footnotes (1)
- Restricted stock units granted pursuant to the nVent Electric plc 2018 Omnibus Incentive Plan. One-third of the restricted stock units vest on the first, second and third anniversary of April 10, 2026. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting. Restricted stock units granted pursuant to the nVent Electric plc 2018 Omnibus Incentive Plan. The restricted stock units vest 100% on the fourth anniversary of April 10, 2026. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.