nVent Electric (NYSE: NVT) director gets RSU award, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc director Danita K. Ostling reported routine equity compensation activity. She received 976 restricted stock units, each representing one nVent share upon vesting, under the company’s 2018 Omnibus Incentive Plan. To cover taxes on vesting of prior RSUs, 355 shares were surrendered at $169.01 per share. After these transactions, she directly holds 6,778 ordinary shares, plus 976 RSUs, with end-of-period holdings also reflecting shares acquired via a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ostling Danita K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares - Restricted Stock Units | 976 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 355 | $169.01 | $60K |
Holdings After Transaction:
Ordinary Shares - Restricted Stock Units — 976 shares (Direct, null);
Ordinary Shares — 6,778 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting. End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a). End-of-period holdings reflect the vesting of restricted stock units that were previously reported. Shares surrendered to pay taxes applicable to vesting of restricted stock units.
Key Figures
Shares surrendered for taxes: 355 shares
Tax-withholding price: $169.01/share
RSUs granted: 976 RSUs
+3 more
6 metrics
Shares surrendered for taxes
355 shares
Tax-withholding disposition on Ordinary Shares at $169.01 per share
Tax-withholding price
$169.01/share
Price per surrendered ordinary share for tax obligations
RSUs granted
976 RSUs
Grant under nVent Electric plc 2018 Omnibus Incentive Plan
Ordinary shares after transaction
6,778 shares
Direct holdings of ordinary shares following Form 4 transactions
RSU holdings after grant
976 RSUs
End-of-period restricted stock unit balance after new award
Tax-withholding shares per summary
355 shares
TaxWithholdingShares in transactionSummary
Key Terms
Restricted stock units, nVent Electric plc 2018 Omnibus Incentive Plan, dividend reinvestment plan, Section 16(a), +1 more
5 terms
Restricted stock units financial
"Restricted stock units granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan."
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.
nVent Electric plc 2018 Omnibus Incentive Plan financial
"Restricted stock units granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan."
dividend reinvestment plan financial
"End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a)."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Section 16(a) regulatory
"End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a)."
taxes applicable to vesting financial
"Shares surrendered to pay taxes applicable to vesting of restricted stock units."
FAQ
What insider transactions did nVent (NVT) director Danita K. Ostling report?
She reported a grant of 976 restricted stock units and a tax-withholding disposition of 355 ordinary shares surrendered at $169.01 per share to cover taxes tied to RSU vesting.
Was the nVent (NVT) Form 4 transaction a market sale or tax withholding?
The disposition of 355 shares at $169.01 per share was a tax-withholding transaction, where shares were surrendered to pay taxes on the vesting of previously granted restricted stock units, not an open‑market sale.
What equity award did Danita K. Ostling receive from nVent (NVT)?
She received 976 restricted stock units under the nVent Electric plc 2018 Omnibus Incentive Plan. Each restricted stock unit entitles her to receive one ordinary share of nVent Electric plc when the unit vests.