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

Reporting relationship: President - Aerospace Group of Eaton Corporation of Eaton Corporation, a subsidiary of the Issuer.
Issuer ticker: ETN
Reported as of: 28 Feb 2024
Net transaction value: -$910,231
SEC form: 4
Accepted by SEC: 01 Mar 2024, 18:44:40 UTC
Prior SEC filing: 26 Feb 2024
Next SEC filing: 21 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Lizbeth L. Wright, as Attorney-in-Fact

Key filing fact

Nandakumar Cheruvatath filed Form 4 for Eaton Corp plc (ETN) on 01 Mar 2024.

Key facts

This page summarizes Nandakumar Cheruvatath's Form 4 filing for Eaton Corp plc (ETN).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 01 Mar 2024, 18:44.

Change

Previous filing in this sequence was filed on 26 Feb 2024.
Current net transaction value: -$910,231.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ETN transaction

Ordinary Shares

Award

Transaction value: $0
Shares: +6,863
Change %: +30%
Price: $0.000000
Shares after: 29,703
Date: 28 Feb 2024
Ownership: Direct
Footnotes: F1

ETN transaction

Ordinary Shares

Tax liability

Transaction value: $910,231
Shares: -3,192
Change %: -11%
Price: $285.16
Shares after: 26,511
Date: 29 Feb 2024
Ownership: Direct
Footnotes: F2

ETN holding

Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,493
Date: 28 Feb 2024
Ownership: by trustee of ESP
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ETN transaction Derivative

Stock Option

Award

Transaction value: $0
Shares: +2,850
Change %
Price: $0.000000
Shares after: 2,850
Date: 28 Feb 2024
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 2,850
Exercise price: $286.96
Footnotes: F3

ETN transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +900
Change %
Price: $0.000000
Shares after: 900
Date: 28 Feb 2024
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 900
Exercise price: $0.000000
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

These shares were acquired upon the vesting of performance share awards.

Footnote F2

Represents shares withheld to cover taxes incurred in connection with the settlement of the performance share awards that vested February 28, 2024.

Footnote 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.

Footnote 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.

Footnote F5

This field is not applicable.

Footnote F6

These ordinary shares are held in the Eaton Savings Plan.

SEC remarks

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