Olivier Leonetti - 02 Feb 2024 Form 4 Insider Report for Eaton Corp plc (ETN)

Role
Officer
Signature
/s/ Lizbeth L. Wright, as Attorney-in-Fact
Issuer symbol
ETN
Transactions as of
02 Feb 2024
Net transactions value
-$378,882
Form type
4
Filing time
06 Feb 2024, 19:17:03 UTC
Previous filing
19 Dec 2023
Next filing
14 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETN Ordinary Shares Options Exercise $0 +1,685 +267% $0.000000 2,315 02 Feb 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +1,300 +56% $0.000000 3,615 02 Feb 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +794 +22% $0.000000 4,409 02 Feb 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +1,045 +24% $0.000000 5,454 02 Feb 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +1,048 +19% $0.000000 6,502 02 Feb 2024 Direct
transaction ETN Ordinary Shares Tax liability $378,882 -1,411 -22% $268.52 5,091 02 Feb 2024 Direct

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 ETN Restricted Stock Units Options Exercise $0 -1,685 -100% $0.000000* 0 02 Feb 2024 Ordinary Shares 1,685 $0.000000 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -1,300 -100% $0.000000* 0 02 Feb 2024 Ordinary Shares 1,300 $0.000000 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -794 -100% $0.000000* 0 02 Feb 2024 Ordinary Shares 794 $0.000000 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -1,045 -100% $0.000000* 0 02 Feb 2024 Ordinary Shares 1,045 $0.000000 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -1,048 -100% $0.000000* 0 02 Feb 2024 Ordinary Shares 1,048 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units were granted to the reporting person as compensation for his service as a member of the Issuer's Board of Directors. Of these restricted stock units, 4,824 were scheduled to vest upon the reporting person's retirement from the Issuer's Board of Directors and 1,048 were scheduled to vest on the first anniversary of the grant date, or May 5, 2024. In connection with his resignation from the Board of Directors effective February 2, 2024 and appointment as an executive officer of a subsidiary of the Issuer as of February 5, 2024, all of the reporting person's restricted stock units vested. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.
F2 This field is not applicable.
F3 Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.

Remarks:

Executive Vice President and Chief Financial Officer of Eaton Corporation, a subsidiary of the Issuer, as of February 5, 2024. Mr. Leonetti resigned from his position as a member of the Board of Directors of the Issuer effective February 2, 2024.