nVent EVP uses shares to cover tax withholding
nVent Electric plc EVP, General Counsel & Secretary Jon D. Lammers reported tax-related share dispositions in company stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
nVent Electric plc EVP, General Counsel & Secretary Jon D. Lammers reported tax-related share dispositions in company stock. On the reported date, he surrendered 6,021 ordinary shares and 1,655 ordinary shares to pay taxes tied to the settlement of performance share units and the vesting of restricted stock units.
After these tax-withholding dispositions, he directly held 75,864 ordinary shares. His end-of-period holdings also included 2,824.386 ordinary shares underlying restricted stock units that had vested and were previously reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 6,021 | $110.55 | $666K |
| Exercise Price or Tax Liability | Ordinary Shares | 1,655 | $110.55 | $183K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
Footnotes (3)
- F1. Shares surrendered to pay taxes applicable to settlement of performance share units.
- F2. Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F3. End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
FAQ
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What did nVent (NVT) executive Jon D. Lammers report in this Form 4?
Were Jon D. Lammers’ nVent (NVT) transactions open-market sales?
What is the nature of ownership for Jon D. Lammers’ nVent (NVT) holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.