nVent CEO surrenders shares for tax withholding
nVent Electric plc Chair & CEO Beth Wozniak reported share dispositions tied to tax withholding rather than open-market sales.
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Rhea-AI Filing Summary
nVent Electric plc Chair & CEO Beth Wozniak reported share dispositions tied to tax withholding rather than open-market sales. On settlement and vesting of equity awards, she surrendered 5,099 and 13,259 ordinary shares at $110.55 per share to cover applicable taxes. After these transactions, she directly held ordinary shares and additional amounts through restricted stock units and a deferral plan as disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 5,099 | $110.55 | $564K |
| Exercise Price or Tax Liability | Ordinary Shares | 13,259 | $110.55 | $1.47M |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
| holding | Ordinary Shares - Deferral Plan | -- | -- | -- |
Footnotes (5)
- F1. Shares surrendered to pay taxes applicable to settlement of performance share units.
- F2. End-of-period holdings reflect the deferral of vested performance share units.
- F3. Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F4. End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- F5. Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
FAQ
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What did nVent Electric (NVT) CEO Beth Wozniak report in this Form 4?
Were Beth Wozniak’s nVent Electric (NVT) transactions open-market sales?
What do the restricted stock unit holdings mean for nVent Electric (NVT) CEO ownership?
What is the deferral plan mentioned in the nVent Electric (NVT) Form 4?
Does the nVent Electric (NVT) Form 4 suggest a change in CEO confidence?
AI-generated analysis. How Rhea-AI works. Not financial advice.