Aravind Padmanabhan - 01 Mar 2022 Form 4 Insider Report for nVent Electric plc (NVT)

Role: EVP & Chief Technology Officer
Signature: /s/ John K. Wilson, Attorney-in-Fact for Aravind Padmanabhan
Issuer symbol: NVT
Transactions as of: 01 Mar 2022
Net transactions value: -$7,823
Form type: 4
Filing time: 03 Mar 2022, 16:56:11 UTC
Previous filing: 05 Jan 2022
Next filing: 09 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVT	Ordinary Shares	Options Exercise	$0	+3,449	+1674%	$0.000000	3,655	01 Mar 2022	Direct	F1
transaction	NVT	Ordinary Shares	Tax liability	$7,823	-234	-37%	$33.43	393	01 Mar 2022	Direct	F2, F3
transaction	NVT	Ordinary Shares - Restricted Stock Units	Award	$0	+5,235	+15%	$0.000000	41,154	01 Mar 2022	Direct	F4
holding	NVT	Ordinary Shares - Deferral Plan						5,736	01 Mar 2022	Plan Agent	F3, F5, 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	+18,933		$0.000000	18,933	01 Mar 2022	Ordinary Shares	18,933	$33.43	Direct	F7, F8
transaction	NVT	Performance Share Units	Options Exercise	$0	+3,449	+100%	$0.000000	6,899	01 Mar 2022	Ordinary Shares	3,449		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.
F3	End-of-period holdings reflect the deferral of vested performance share units.
F4	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.
F5	Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
F6	End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
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.