nVent Electric (NYSE: NVT) EVP surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lammers Jon D.
Role
EVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 6,021 | $110.55 | $666K |
| Tax Withholding | Ordinary Shares | 1,655 | $110.55 | $183K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 73,892 shares (Direct);
Ordinary Shares - Restricted Stock Units — 2,824.386 shares (Direct)
Footnotes (1)
- Shares surrendered to pay taxes applicable to settlement of performance share units. 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.
FAQ
What did nVent (NVT) executive Jon D. Lammers report in this Form 4?
Jon D. Lammers reported tax-related dispositions of nVent Electric ordinary shares. He surrendered shares to cover taxes on performance share unit settlement and restricted stock unit vesting, while maintaining a substantial direct share position and additional restricted stock unit holdings afterward.
Were Jon D. Lammers’ nVent (NVT) transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. The shares were surrendered to pay taxes due on the settlement of performance share units and the vesting of restricted stock units, as described in the filing footnotes.
What is the nature of ownership for Jon D. Lammers’ nVent (NVT) holdings?
All reported holdings and transactions for Jon D. Lammers are classified as direct ownership. The filing does not attribute the shares to any trust, partnership, or other entity, and there are no footnotes disclaiming beneficial ownership or voting authority.