nVent Electric (NVT) CTO receives new stock options and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Padmanabhan Aravind reported acquisition or exercise transactions in this Form 4 filing.
nVent Electric plc EVP & Chief Technology Officer Aravind Padmanabhan received new equity awards. He was granted stock options for 6,532 shares and 2,702 restricted stock units at no cash cost. One-third of both the options and RSUs vest on each of the first, second, and third anniversaries of March 5, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Padmanabhan Aravind
Role
EVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 6,532 | $0.00 | -- |
| Grant/Award | Ordinary Shares - Restricted Stock Units | 2,702 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 6,532 shares (Direct);
Ordinary Shares - Restricted Stock Units — 12,144.809 shares (Direct)
Footnotes (1)
- Restricted stock units granted pursuant to the nVent Electric plc 2018 Omnibus Incentive Plan. One-third of the restricted stock units vest on the first, second and third anniversary of March 5, 2026. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting. Employee stock option granted under the nVent 2018 Omnibus Incentive Plan. One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2026.
FAQ
What insider transactions did nVent Electric (NVT) report for Aravind Padmanabhan?
nVent Electric reported that EVP & Chief Technology Officer Aravind Padmanabhan received equity awards. He was granted 6,532 employee stock options and 2,702 restricted stock units, all at a grant price of $0.00 per share as part of incentive compensation.
How many stock options were granted to the nVent Electric (NVT) CTO?
The CTO received 6,532 employee stock options under the nVent Electric plc 2018 Omnibus Incentive Plan. According to the filing, one-third of these options become exercisable on each of the first, second, and third anniversaries of March 5, 2026.
What restricted stock units were granted in this nVent Electric (NVT) Form 4?
The filing shows a grant of 2,702 restricted stock units to Aravind Padmanabhan. One-third of the RSUs vest on each of the first, second, and third anniversaries of March 5, 2026, and each unit represents the right to receive one nVent Electric plc ordinary share.
When do the nVent Electric (NVT) restricted stock units vest for the CTO?
The restricted stock units vest in three equal installments. One-third vests on the first anniversary of March 5, 2026, another third on the second anniversary, and the final third on the third anniversary, assuming continued eligibility under the incentive plan.
Under which plan were the nVent Electric (NVT) equity awards granted?
Both the restricted stock units and the employee stock options were granted under the nVent Electric plc 2018 Omnibus Incentive Plan. This plan governs the terms of equity incentives, including vesting schedules and exercisability for senior executives like the EVP & Chief Technology Officer.
What is the exercise or purchase price for the new nVent Electric (NVT) grants?
The reported transaction price per share for both the stock options and restricted stock units is $0.00. This reflects that the awards were granted as part of compensation, rather than purchased in an open-market transaction for cash consideration by the executive.