nVent Electric (NYSE: NVT) director granted RSUs, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc director Sherry A. Aaholm reported routine equity compensation activity. She received a grant of 976 restricted stock units (RSUs) under the nVent Electric plc 2018 Omnibus Incentive Plan, each representing one ordinary share upon vesting.
To cover taxes on the vesting of previously granted RSUs, 602 ordinary shares were surrendered at a price of $169.01 per share, characterized as a tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 4,894 ordinary shares, plus 976 RSUs that will convert into shares upon future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Aaholm Sherry A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares - Restricted Stock Units | 976 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 602 | $169.01 | $102K |
Holdings After Transaction:
Ordinary Shares - Restricted Stock Units — 976 shares (Direct, null);
Ordinary Shares — 4,894 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 reflect the vesting of restricted stock units that were previously reported. 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). Shares surrendered to pay taxes applicable to vesting of restricted stock units.
Key Figures
Shares surrendered for taxes: 602 shares
Tax withholding share price: $169.01 per share
RSUs granted: 976 units
+1 more
4 metrics
Shares surrendered for taxes
602 shares
Ordinary shares surrendered for RSU vesting taxes
Tax withholding share price
$169.01 per share
Value of shares surrendered to pay RSU-related taxes
RSUs granted
976 units
Restricted stock units granted under 2018 Omnibus Incentive Plan
Ordinary shares after transaction
4,894 shares
Direct ordinary share holdings following transactions
Key Terms
Restricted stock units, 2018 Omnibus Incentive Plan, dividend reinvestment plan, Section 16(a)
4 terms
Restricted stock units financial
"Restricted stock units granted pursuant to and subject to a vesting condition"
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.
2018 Omnibus Incentive Plan financial
"granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan"
dividend reinvestment plan financial
"holdings include shares acquired under a dividend reinvestment plan in exempt transactions"
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
"exempt transactions not required to be reported pursuant to Section 16(a)"
FAQ
What insider transactions did nVent (NVT) director Sherry A. Aaholm report?
Sherry A. Aaholm reported a routine RSU grant and related tax withholding. She received 976 restricted stock units and surrendered 602 ordinary shares at $169.01 each to cover taxes tied to RSU vesting.
How many nVent (NVT) restricted stock units did Sherry A. Aaholm receive?
Aaholm received 976 restricted stock units from nVent Electric plc. These RSUs were granted under the 2018 Omnibus Incentive Plan, and each unit represents the right to receive one ordinary share when vesting conditions are satisfied.
What are Sherry A. Aaholm’s nVent (NVT) holdings after these transactions?
After the reported transactions, Aaholm holds 4,894 ordinary shares directly. She also holds 976 restricted stock units, which each convert into one nVent Electric plc share once the applicable vesting conditions are met.
Under which plan were Sherry A. Aaholm’s nVent (NVT) RSUs granted?
The RSUs were granted under the nVent Electric plc 2018 Omnibus Incentive Plan. This plan provides equity-based awards, and the 976 restricted stock units reported each entitle the holder to one nVent share upon vesting.