nVent Electric (NVT) CFO uses 4,670 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc EVP & Chief Financial Officer Gary Louis Corona surrendered 4,670 Ordinary Shares on the vesting of restricted stock units to cover associated tax obligations, at an indicated value of $130.56 per share. This was a tax-withholding disposition, not an open-market sale.
Following this transaction, he directly holds 5,571 Ordinary Shares and 75,014.845 restricted stock units, reflecting previously reported awards that have vested or remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Corona Gary Louis
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 4,670 | $130.56 | $610K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 5,571 shares (Direct);
Ordinary Shares - Restricted Stock Units — 75,014.845 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares surrendered for taxes: 4,670 shares
Indicated share value: $130.56 per share
Ordinary Shares after transaction: 5,571 shares
+1 more
4 metrics
Shares surrendered for taxes
4,670 shares
Ordinary Shares used to pay RSU vesting taxes
Indicated share value
$130.56 per share
Value used for tax-withholding disposition
Ordinary Shares after transaction
5,571 shares
Direct holdings following tax-withholding disposition
Restricted stock units held
75,014.845 units
End-of-period RSU holdings reported
Key Terms
restricted stock units, taxes applicable to vesting, Ordinary Shares
3 terms
restricted stock units financial
"vesting of restricted stock units that were previously reported"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
taxes applicable to vesting financial
"Shares surrendered to pay taxes applicable to vesting"
FAQ
What insider transaction did nVent Electric (NVT) disclose for its CFO?
nVent Electric EVP & CFO Gary Louis Corona surrendered 4,670 Ordinary Shares to cover taxes due on vesting restricted stock units. This tax-withholding disposition is a routine administrative event rather than an open-market sale of shares.
Was the nVent Electric CFO’s Form 4 transaction a stock sale in the market?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were surrendered to pay taxes triggered by restricted stock unit vesting, a common mechanism for settling tax liabilities on equity compensation.
What does the Form 4 reveal about restricted stock units at nVent Electric?
The Form 4 shows restricted stock units vesting for the CFO, creating a tax obligation settled by surrendering 4,670 shares. It also reports end-of-period holdings of 75,014.845 restricted stock units, indicating a substantial ongoing equity-based compensation position.