nVent Electric (NYSE: NVT) EVP shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc EVP & Chief Marketing Officer Martha Claire Bennett reported a tax-related share disposition. On the event date, 775 ordinary shares were surrendered at $110.55 per share to pay taxes due on the vesting of previously reported restricted stock units. After this withholding transaction, she directly held 1,500.533 ordinary shares and 15,759.459 ordinary-share-equivalent restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bennett Martha Claire
Role
EVP & Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 775 | $110.55 | $86K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 1,500.533 shares (Direct);
Ordinary Shares - Restricted Stock Units — 15,759.459 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.
FAQ
What did nVent (NVT) executive Martha Claire Bennett report on this Form 4?
Martha Claire Bennett reported a tax-withholding disposition of 775 ordinary shares. These shares were surrendered to cover taxes on vesting restricted stock units, rather than sold in an open-market transaction, and her remaining share and RSU holdings were updated accordingly.
What are Martha Claire Bennett’s nVent (NVT) holdings after this Form 4 transaction?
Following the reported transaction, Martha Claire Bennett directly held 1,500.533 ordinary shares. She also directly held 15,759.459 ordinary shares underlying restricted stock units, reflecting the vesting of units that had been previously reported in earlier filings.
Was the nVent (NVT) Form 4 transaction an open-market sale or tax withholding?
The transaction was tax withholding, not an open-market sale. The 775 ordinary shares were surrendered specifically to pay taxes due on the vesting of restricted stock units, consistent with a standard Form 4 code F tax-withholding disposition.
Which nVent (NVT) executive is involved in this Form 4 and what is their role?
The filing involves Martha Claire Bennett, who serves as Executive Vice President and Chief Marketing Officer. The Form 4 reports her tax-withholding disposition of ordinary shares and updates her direct ownership of both shares and restricted stock units in nVent Electric plc.