Tax withholding reshapes nVent (NVT) EVP Lynnette Heath’s share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc EVP & Chief HR Officer Lynnette R. Heath reported two tax-related share dispositions on March 5, 2026. She surrendered 2,495 and 1,842 ordinary shares at $110.55 per share to cover taxes on performance share unit and restricted stock unit vesting, not as open-market sales. Following these transactions, she directly owned 37,272.368 ordinary shares, plus 6,513.883 restricted stock units and 33,880.133 ordinary shares held indirectly in a deferral plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Heath Lynnette R
Role
EVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 2,495 | $110.55 | $276K |
| Tax Withholding | Ordinary Shares | 1,842 | $110.55 | $204K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
| holding | Ordinary Shares - Deferral Plan | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 35,077.368 shares (Direct);
Ordinary Shares - Restricted Stock Units — 6,513.883 shares (Direct);
Ordinary Shares - Deferral Plan — 33,880.133 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. Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
FAQ
What insider transaction did nVent (NVT) executive Lynnette R. Heath report?
nVent executive Lynnette R. Heath reported surrendering shares to cover tax obligations on vested equity awards. On March 5, 2026, she disposed of 2,495 and 1,842 ordinary shares at $110.55 per share, classified as tax-withholding dispositions rather than open-market sales.
Were Lynnette R. Heath’s nVent (NVT) Form 4 transactions open-market sales?
The transactions were not open-market sales. They were coded as tax-withholding dispositions, with shares surrendered to pay taxes on settlement of performance share units and vesting of restricted stock units, according to the Form 4 footnotes, rather than discretionary selling into the market.
What do the Form 4 footnotes reveal about Lynnette R. Heath’s nVent (NVT) equity awards?
The footnotes explain that shares were surrendered to pay taxes on performance share unit settlements and restricted stock unit vesting. They also state that end-of-period holdings reflect vested awards and that deferred shares will be delivered later under her irrevocable deferral election arrangements.
What is the significance of code F on Lynnette R. Heath’s nVent (NVT) Form 4?
Code F indicates shares used to pay exercise price or tax liabilities. In this case, Heath’s F-coded transactions represent shares surrendered to satisfy tax obligations tied to performance share units and restricted stock units, distinguishing them from voluntary open-market purchases or sales of nVent ordinary shares.