Nandakumar Cheruvatath - Feb 28, 2024 Form 4 Insider Report for Eaton Corp plc (ETN)

Role
President - Aerospace Group of Eaton Corporation of Eaton Corporation, a subsidiary of the Issuer.
Signature
/s/ Lizbeth L. Wright, as Attorney-in-Fact
Stock symbol
ETN
Transactions as of
Feb 28, 2024
Transactions value $
-$910,231
Form type
4
Date filed
3/1/2024, 06:44 PM
Previous filing
Feb 26, 2024
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETN Ordinary Shares Award $0 +6.86K +30.05% $0.00 29.7K Feb 28, 2024 Direct F1
transaction ETN Ordinary Shares Tax liability -$910K -3.19K -10.75% $285.16 26.5K Feb 29, 2024 Direct F2
holding ETN Ordinary Shares 2.49K Feb 28, 2024 by trustee of ESP F6

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 Stock Option Award $0 +2.85K $0.00 2.85K Feb 28, 2024 Ordinary Shares 2.85K $286.96 Direct F3
transaction ETN Restricted Stock Units Award $0 +900 $0.00 900 Feb 28, 2024 Ordinary Shares 900 $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired upon the vesting of performance share awards.
F2 Represents shares withheld to cover taxes incurred in connection with the settlement of the performance share awards that vested February 28, 2024.
F3 These stock options become exercisable as follows: 33% on the first and second anniversary of the date of the grant and the remaining 34% on the third anniversary of the date of the grant.
F4 These restricted stock units were granted on February 28, 2024 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.
F5 This field is not applicable.
F6 These ordinary shares are held in the Eaton Savings Plan.

Remarks:

President - Aerospace Group of Eaton Corporation of Eaton Corporation, a subsidiary of the Issuer.