Olivier Leonetti - Feb 2, 2024 Form 4 Insider Report for Eaton Corp plc (ETN)

Role
Officer
Signature
/s/ Lizbeth L. Wright, as Attorney-in-Fact
Stock symbol
ETN
Transactions as of
Feb 2, 2024
Transactions value $
-$378,882
Form type
4
Date filed
2/6/2024, 07:17 PM
Previous filing
Dec 19, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETN Ordinary Shares Options Exercise $0 +1.69K +267.46% $0.00 2.32K Feb 2, 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +1.3K +56.16% $0.00 3.62K Feb 2, 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +794 +21.96% $0.00 4.41K Feb 2, 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +1.05K +23.7% $0.00 5.45K Feb 2, 2024 Direct
transaction ETN Ordinary Shares Options Exercise $0 +1.05K +19.22% $0.00 6.5K Feb 2, 2024 Direct
transaction ETN Ordinary Shares Tax liability -$379K -1.41K -21.7% $268.52 5.09K Feb 2, 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 -1.69K -100% $0.00* 0 Feb 2, 2024 Ordinary Shares 1.69K $0.00 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -1.3K -100% $0.00* 0 Feb 2, 2024 Ordinary Shares 1.3K $0.00 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -794 -100% $0.00* 0 Feb 2, 2024 Ordinary Shares 794 $0.00 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -1.05K -100% $0.00* 0 Feb 2, 2024 Ordinary Shares 1.05K $0.00 Direct F1, F2, F3
transaction ETN Restricted Stock Units Options Exercise $0 -1.05K -100% $0.00* 0 Feb 2, 2024 Ordinary Shares 1.05K $0.00 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.