nVent (NVT) CTO uses company shares to cover equity award taxes
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Padmanabhan Aravind
Role
EVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 924 | $110.55 | $102K |
| Tax Withholding | Ordinary Shares | 983 | $110.55 | $109K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
| holding | Ordinary Shares - Deferral Plan | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 29,139.229 shares (Direct);
Ordinary Shares - Restricted Stock Units — 7,470.809 shares (Direct);
Ordinary Shares - Deferral Plan — 69,007.127 shares (Indirect, Plan Agent)
Footnotes (1)
- Shares surrendered to pay taxes applicable to settlement of performance share units. End-of-period holdings reflect the deferral of vested 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. End-of-period holdings reflect the deferral of vested restricted stock units. Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
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.