Heath B. Monesmith - 28 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
28 Feb 2024
Net transactions value
-$1,752,023
Form type
4
Filing time
01 Mar 2024, 18:53:15 UTC
Previous filing
26 Feb 2024
Next filing
13 Mar 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 Award $0 +13,717 +22% $0.000000 75,616 28 Feb 2024 Direct F1
transaction ETN Ordinary Shares Tax liability $1,752,023 -6,144 -8.1% $285.16 69,472 29 Feb 2024 Direct F2
holding ETN Ordinary Shares 3,428 28 Feb 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 +8,500 $0.000000 8,500 28 Feb 2024 Ordinary Shares 8,500 $286.96 Direct F3
transaction ETN Restricted Stock Units Award $0 +2,695 $0.000000 2,695 28 Feb 2024 Ordinary Shares 2,695 $0.000000 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 and Chief Operating Officer - Electrical Sector of Eaton Corporation, a subsidiary of the Issuer.