4//SEC Filing
Faulconer Michael B 4
Accession 0000897069-24-000581
CIK 0001720635other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:16 PM ET
Size
13.0 KB
Accession
0000897069-24-000581
Insider Transaction Report
Form 4
Faulconer Michael B
President - Thermal Management
Transactions
- Exercise/Conversion
Ordinary Shares
2024-03-01+4,139→ 37,248.146 total - Tax Payment
Ordinary Shares
2024-03-01$68.74/sh−2,098$144,217→ 35,150.146 total - Award
Ordinary Shares - Restricted Stock Units
2024-03-01+2,546→ 10,668 total - Award
Employee Stock Option (right to buy)
2024-03-01+6,444→ 6,444 totalExercise: $68.74Exp: 2034-03-01→ Ordinary Shares (6,444 underlying) - Exercise/Conversion
Performance Share Units
2024-03-01−4,139→ 0 total→ Ordinary Shares (4,139 underlying)
Footnotes (6)
- [F1]Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 6.
- [F2]Shares surrendered to pay taxes applicable to vesting of performance share units.
- [F3]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, 2024. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.
- [F4]Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.
- [F5]One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2024.
- [F6]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.
Documents
Issuer
nVent Electric plc
CIK 0001720635
Entity typeother
Related Parties
1- filerCIK 0001739223
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:16 PM ET
- Size
- 13.0 KB