Director Greg Scheu covers tax on RSU vesting with 355 nVent (NVT) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc director Greg Scheu reported a routine tax-related share disposition. On May 15, 2026, he surrendered 355 Ordinary Shares at a reference price of $169.01 per share to cover taxes due on the vesting of previously reported restricted stock units.
This was a tax-withholding disposition, not an open-market sale, and was reported with transaction code F. After this transaction, Scheu directly held 16,378 Ordinary Shares, reflecting the net effect of the restricted stock unit vesting and the shares used to satisfy tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scheu Greg
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 355 | $169.01 | $60K |
Holdings After Transaction:
Ordinary Shares — 16,378 shares (Direct, null)
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: 355 shares
Reference share price: $169.01 per share
Shares held after transaction: 16,378 shares
+1 more
4 metrics
Shares surrendered for taxes
355 shares
Tax-withholding disposition on May 15, 2026
Reference share price
$169.01 per share
Value used for tax-withholding shares
Shares held after transaction
16,378 shares
End-of-period direct holdings after RSU vesting and tax withholding
Tax-withholding transactions
1 transaction, 355 shares
TransactionSummary taxWithholdingCount and taxWithholdingShares
Key Terms
tax-withholding disposition, restricted stock units, Ordinary Shares, transaction code F
4 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock units financial
"Shares surrendered to pay taxes applicable to vesting of restricted stock units."
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.
transaction code F financial
"transaction_code": "F""
FAQ
What did nVent Electric (NVT) director Greg Scheu report in this Form 4?
Director Greg Scheu reported a tax-withholding disposition of 355 Ordinary Shares of nVent Electric plc. The shares were surrendered to cover taxes on vested restricted stock units, rather than sold in the open market.
Was Greg Scheu’s nVent Electric (NVT) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes it as a tax-withholding disposition, with shares surrendered to pay taxes on the vesting of restricted stock units, a routine compensation-related event.
What does transaction code F mean in Greg Scheu’s nVent Electric (NVT) Form 4?
Transaction code F indicates a payment of tax liability by delivering securities. In this case, 355 Ordinary Shares were surrendered to satisfy taxes on restricted stock units vesting, rather than being voluntarily sold in the market.