Sara E. Zawoyski - Mar 1, 2022 Form 4 Insider Report for nVent Electric plc (NVT)

Role: EVP & Chief Financial Officer
Signature: /s/ John K. Wilson, Attorney-in-Fact for Sara E. Zawoyski
Stock symbol: NVT
Transactions as of: Mar 1, 2022
Transactions value $: -$30,689
Form type: 4
Date filed: 3/3/2022, 04:43 PM
Previous filing: Feb 23, 2022
Next filing: Mar 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVT	Ordinary Shares	Options Exercise	$0	+6.9K	+16.8%	$0.00	47.9K	Mar 1, 2022	Direct	F1
transaction	NVT	Ordinary Shares	Tax liability	-$30.7K	-918	-2.14%	$33.43	42K	Mar 1, 2022	Direct	F2, F3, F4
transaction	NVT	Ordinary Shares - Restricted Stock Units	Award	$0	+10.1K	+65.72%	$0.00	25.5K	Mar 1, 2022	Direct	F3, F5
holding	NVT	Ordinary Shares - Deferral Plan						14.2K	Mar 1, 2022	Plan Agent	F4, 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	NVT	Employee Stock Option (right to buy)	Award	$0	+36.5K		$0.00	36.5K	Mar 1, 2022	Ordinary Shares	36.5K	$33.43	Direct	F7, F8
transaction	NVT	Performance Share Units	Options Exercise	$0	-6.9K	-33.33%	$0.00	13.8K	Mar 1, 2022	Ordinary Shares	6.9K		Direct	F1, F9

* 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 9.
F2	Shares surrendered to pay taxes applicable to vesting of performance share units and restricted stock units that were previously reported.
F3	End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
F4	End-of-period holdings reflect the deferral of vested performance share units.
F5	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, 2022. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.
F6	Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
F7	Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.
F8	One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2022.
F9	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.