Michael B. Faulconer - Mar 1, 2024 Form 4 Insider Report for nVent Electric plc (NVT)

Role: President - Thermal Management
Signature: /s/ John K. Wilson, Attorney-in-Fact for Michael D. Faulconer
Stock symbol: NVT
Transactions as of: Mar 1, 2024
Transactions value $: -$144,217
Form type: 4
Date filed: 3/5/2024, 06:16 PM
Previous filing: Mar 1, 2024
Next filing: Mar 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVT	Ordinary Shares	Options Exercise	$0	+4.14K	+12.5%	$0.00	37.2K	Mar 1, 2024	Direct	F1
transaction	NVT	Ordinary Shares	Tax liability	-$144K	-2.1K	-5.63%	$68.74	35.2K	Mar 1, 2024	Direct	F2
transaction	NVT	Ordinary Shares - Restricted Stock Units	Award	$0	+2.55K	+31.35%	$0.00	10.7K	Mar 1, 2024	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NVT	Employee Stock Option (right to buy)	Award	$0	+6.44K		$0.00	6.44K	Mar 1, 2024	Ordinary Shares	6.44K	$68.74	Direct	F4, F5
transaction	NVT	Performance Share Units	Options Exercise	$0	-4.14K	-100%	$0.00^*	0	Mar 1, 2024	Ordinary Shares	4.14K		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 6.
F2	Shares surrendered to pay taxes applicable to vesting of performance share units.
F3	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, 2024. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.
F4	Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.
F5	One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2024.
F6	Performance share units vest during the March 1, 2021-March 1, 2024 performance period one-third if the closing price for nVent shares exceeds $26.25 for 20 consecutive days and the reporting person is employed for 1 year from the grant date, one-third if the closing price for nVent shares exceeds $28.35 for 20 consecutive days and the reporting person is employed for 2 years from the grant date, and one-third if the closing price for nVent shares exceeds $30.62 for 20 consecutive days and the reporting person is employed for 3 years from the grant date. Each of the foregoing nVent share price conditions has been satisfied. Each performance share unit represents a right to receive one nVent Electric plc share upon vesting.