nVent Electric (NYSE: NVT) SVP uses shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
nVent Electric plc senior vice president and chief accounting officer Randolph A. Wacker reported routine tax-related share transactions. On settlement of performance share units and vesting of restricted stock units, he surrendered 1,831 and 514 ordinary shares, respectively, at $110.55 per share to cover related tax obligations.
After these tax-withholding dispositions, he held 49,844.7301 ordinary shares directly, 3,183.6520 ordinary shares in restricted stock units, and 16,724.2980 ordinary shares credited under a deferral plan to be delivered according to his irrevocable deferral election.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wacker Randolph A.
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 1,831 | $110.55 | $202K |
| Tax Withholding | Ordinary Shares | 514 | $110.55 | $57K |
| holding | Ordinary Shares - Restricted Stock Units | -- | -- | -- |
| holding | Ordinary Shares - Deferral Plan | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 49,175.73 shares (Direct);
Ordinary Shares - Restricted Stock Units — 3,183.652 shares (Direct);
Ordinary Shares - Deferral Plan — 16,724.298 shares (Indirect, By Plan Agent)
Footnotes (1)
- Shares surrendered to pay taxes applicable to settlement of performance share units. End-of-period holdings reflect the deferral of vested performance share units. Shares surrendered to pay taxes applicable to vesting of restricted stock units. End-of-period holdings reflect the vesting of restricted stock units that were previously reported. End-of-period holdings reflect the deferral of vested restricted stock units. Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
FAQ
What insider transactions did nVent (NVT) executive Randolph A. Wacker report?
Randolph A. Wacker reported tax-related share surrenders tied to equity awards. He used 1,831 ordinary shares for performance share unit taxes and 514 for restricted stock unit taxes, both valued at $110.55 per share, as part of routine compensation settlement.
Were the nVent (NVT) insider transactions open-market sales or tax withholdings?
The reported nVent transactions were tax-withholding dispositions, not open-market sales. Shares were surrendered to pay taxes on performance share unit settlement and restricted stock unit vesting, as described in the filing’s footnotes, reflecting standard equity compensation administration.
What restricted stock unit holdings does the nVent (NVT) executive report?
At period end, Randolph A. Wacker reports 3,183.6520 ordinary shares represented by restricted stock units. Footnotes explain that these holdings reflect the vesting of previously reported restricted stock units, showing how his equity-based compensation continues to convert into share-based holdings.
What does the nVent (NVT) deferral plan balance represent for the executive?
The filing shows 16,724.2980 ordinary shares credited under a deferral plan for Randolph A. Wacker. Footnotes state that nVent shares will be delivered according to his irrevocable deferral election, meaning payout timing follows his pre-selected deferral schedule rather than immediate delivery.
How does this nVent (NVT) Form 4 affect the executive’s total equity exposure?
The Form 4 confirms continued substantial equity exposure through multiple components. Wacker holds ordinary shares directly, additional shares through restricted stock units, and further shares in a deferral plan, even after surrendering some shares to pay tax obligations on equity award settlement.