RUIZ STERNADT PAULO 4

What Happened
Paulo Ruiz Sternadt, a director and the Chief Executive Officer of Eaton Corporation (a subsidiary of Eaton Corp plc), was granted 120.975 phantom shares on 2026-03-20 as an award/deferral under the company’s deferred incentive compensation plans. The award is valued at $334.16 per share, for a total reported economic value of $40,425. This was a grant/acquisition of derivative (phantom) shares, not an open-market purchase or sale of common stock.

Key Details

• Transaction date: 2026-03-20; Transaction type: Award/Grant (code A).
• Quantity and price: 120.975 phantom shares at $334.16 each; total reported value $40,425.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1 — Phantom shares were acquired via Ruiz Sternadt’s deferral of 2025 bonus/LTI awards; the number is based on the average of mean prices for the issuer’s ordinary shares over the 20 trading days after the earning period.
  • F3 — Amount includes phantom shares from a dividend-equivalent reinvestment feature.
  • F2 — Not applicable.
• Filing timeliness: No late filing indicated in this report.

Context
Phantom shares are derivative awards that track the economic value of common shares (each phantom share is the economic equivalent of one common share) but do not represent immediate ownership of stock. Such awards typically reflect deferred compensation or long-term incentive payouts and do not necessarily signal a buy/sell decision by the insider.