nVent Electric (NYSE: NVT) CTO reports mandated share sale for taxes
Rhea-AI Filing Summary
nVent Electric plc executive Aravind Padmanabhan reported an insider share transaction. As EVP & Chief Technology Officer, he filed a Form 4 for activity dated 01/02/2026. The filing shows a transaction in ordinary shares coded "J," where 1,385.773 ordinary shares were sold at $106.395 per share to cover tax withholding obligations. The filing explains this sale was mandated to satisfy tax withholding and was not a discretionary trade. Following the reported transactions, he beneficially owned 68,883.683 ordinary shares indirectly through a plan agent and 28,425.0041 ordinary shares in a deferral plan, with distributions and future delivery governed by an irrevocable deferral election.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did nVent Electric (NVT) report for Aravind Padmanabhan?
The filing reports that EVP & Chief Technology Officer Aravind Padmanabhan had a transaction dated 01/02/2026 involving ordinary shares of nVent Electric plc, disclosed on a Form 4.
How many nVent Electric (NVT) shares were sold and at what price?
The Form 4 shows a transaction coded "J" in which 1,385.773 ordinary shares were sold at a price of $106.395 per share.
Why were nVent Electric (NVT) shares sold by the reporting person?
The explanation states the shares were sold to cover tax withholding obligations. This sale was mandated to satisfy withholding and did not represent a discretionary trade by the reporting person.
How many nVent Electric (NVT) shares does Aravind Padmanabhan own after the transaction?
After the reported transactions, he beneficially owned 68,883.683 ordinary shares indirectly through a plan agent and 28,425.0041 ordinary shares in a deferral plan.
What is the role of the deferral plan in this nVent Electric (NVT) Form 4?
The filing notes that some entries reflect distributions of shares from a deferral plan, and that shares of nVent Electric plc will be delivered to the reporting person in accordance with an irrevocable deferral election.
Is this nVent Electric (NVT) insider sale part of a discretionary trading strategy?
No. The explanation clarifies that the reported sale was mandated to satisfy tax withholding obligations and does not represent a discretionary trade by the reporting person.