Beth A. Wozniak - 01 Mar 2024 Form 4 Insider Report for nVent Electric plc (NVT)

Signature
/s/ John K. Wilson, Attorney-in-Fact for Beth A. Wozniak
Issuer symbol
NVT
Transactions as of
01 Mar 2024
Net transactions value
-$133,356
Form type
4
Filing time
05 Mar 2024, 18:33:48 UTC
Previous filing
20 Feb 2024
Next filing
07 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVT Ordinary Shares Options Exercise $0 +28,974 +23% $0.000000 154,622 01 Mar 2024 Direct F1
transaction NVT Ordinary Shares Tax liability $133,356 -1,940 -1.5% $68.74 127,219 01 Mar 2024 Direct F2, F3
transaction NVT Ordinary Shares - Restricted Stock Units Award $0 +25,458 +37% $0.000000 93,650 01 Mar 2024 Direct F4
holding NVT Ordinary Shares - Deferral Plan 302,511 01 Mar 2024 Plan Agent F3, F5

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 +64,441 $0.000000 64,441 01 Mar 2024 Ordinary Shares 64,441 $68.74 Direct F6, F7
transaction NVT Performance Share Units Options Exercise $0 -28,974 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 28,974 Direct F1, F8
* 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 8.
F2 Shares surrendered to pay taxes applicable to vesting of performance share units.
F3 End-of-period holdings reflect the deferral of vested performance share units.
F4 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.
F5 Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
F6 Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.
F7 One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2024.
F8 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.