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nVent (NVT) CTO uses company shares to cover equity award taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

nVent Electric plc executive reports routine share dispositions for taxes. EVP & Chief Technology Officer Aravind Padmanabhan surrendered 924 and 983 ordinary shares of nVent on March 5, 2026 at $110.55 per share to pay taxes tied to performance share units and restricted stock unit vesting.

These transactions were coded as tax-withholding dispositions, not open-market sales. After these adjustments, he directly holds 30,231.2291 ordinary shares, plus 7,470.809 ordinary shares underlying restricted stock units and 69,007.127 ordinary shares in a deferral plan held through a plan agent.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Padmanabhan Aravind

(Last) (First) (Middle)
1665 UTICA AVENUE
SUITE 700

(Street)
ST. LOUIS PARK MN 55416

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
nVent Electric plc [ NVT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/05/2026 F(1) 924 D $110.55 29,139.2291(2) D
Ordinary Shares 03/05/2026 F(3) 983 D $110.55 30,231.2291(2)(4)(5) D
Ordinary Shares - Restricted Stock Units 7,470.809(4) D
Ordinary Shares - Deferral Plan 69,007.127(2)(5)(6) I Plan Agent
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares surrendered to pay taxes applicable to settlement of performance share units.
2. End-of-period holdings reflect the deferral of vested performance share units.
3. Shares surrendered to pay taxes applicable to vesting of restricted stock units.
4. End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
5. End-of-period holdings reflect the deferral of vested restricted stock units.
6. Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
/s/ John K. Wilson, Attorney-in-Fact for Aravind Padmanabhan 03/09/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did nVent (NVT) report for Aravind Padmanabhan?

nVent reported that EVP & Chief Technology Officer Aravind Padmanabhan surrendered ordinary shares to cover tax obligations on equity awards. These were Form 4 transactions coded as tax-withholding dispositions, not open-market purchases or sales, and reflect routine equity compensation administration.

How many nVent (NVT) shares did the executive use for tax withholding?

The executive surrendered 924 and 983 ordinary shares of nVent to pay taxes related to settlement of performance share units and vesting of restricted stock units. The dispositions were priced at $110.55 per share, consistent with tax-withholding treatment rather than discretionary trading in the open market.

Does Aravind Padmanabhan still hold nVent (NVT) shares after these transactions?

Yes. After the reported tax-withholding dispositions, he directly holds 30,231.2291 ordinary shares. He also has 7,470.809 ordinary shares underlying restricted stock units and 69,007.127 ordinary shares in a deferred compensation plan, giving him continued exposure to nVent equity incentives.

Were the nVent (NVT) insider transactions open-market sales or tax-related?

The transactions were tax-related. Both dispositions were coded as tax-withholding events, with footnotes explaining the shares were surrendered to pay taxes on performance share unit settlement and restricted stock unit vesting, rather than being discretionary open-market sales by the executive.

What do the nVent (NVT) Form 4 footnotes reveal about these share changes?

The footnotes state that shares were surrendered to pay taxes on settlement of performance share units and vesting of restricted stock units, and that end-of-period holdings reflect vesting and deferral of these awards. They clarify the activity arises from equity compensation mechanics, not portfolio trading.

How are deferred nVent (NVT) shares held for Aravind Padmanabhan?

Deferred nVent shares are held under a deferral plan through a plan agent. Footnotes indicate end-of-period holdings reflect deferral of vested restricted stock units, with shares to be delivered in accordance with the executive’s irrevocable deferral election, aligning compensation with longer-term outcomes.
Nvent Electric

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17.65B
159.26M
Electrical Equipment & Parts
Special Industry Machinery (no Metalworking Machinery)
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