Form 4 for NVT nVent Electric plc
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001567619-23-004438 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-03 | 2023-03-01 | NVT | Lammers Jon D. | EVP, Gen. Counsel, Sec | M - OptEx | $0.00 | +6,898 | 48.3K | +17% | $0 |
| D | 2023-03-03 | 2023-03-01 | NVT | Lammers Jon D. | EVP, Gen. Counsel, Sec | A - Grant | $0.00 | +4,875 | 15.4K | +46% | $0 |
| D | 2023-03-03 | 2023-03-01 | NVT | Lammers Jon D. | EVP, Gen. Counsel, Sec | F - Tax | $46.15 | -3,146 | 45.1K | -7% | -$145.2K |
| D | 2023-03-03 | 2023-03-01 | NVT | Lammers Jon D. | EVP, Gen. Counsel, Sec | A - Grant | $0.00 | +13.6K | 13.6K | New | $0 |
| D | 2023-03-03 | 2023-03-01 | NVT | Lammers Jon D. | EVP, Gen. Counsel, Sec | M - OptEx | $0.00 | -6,898 | 6,899 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2023-03-01 | M | A | 6,898 | $0.00 | 48,274 | D | — | — | |
| 2 | Common | Ordinary Shares - Restricted Stock Units | 2023-03-01 | A | A | 4,875 | $0.00 | 15,396 | D | — | — | |
| 3 | Common | Ordinary Shares | 2023-03-01 | F | D | 3,146 | $46.15 | 45,128 | D | — | — | |
| 4 | Derivative | Employee Stock Option (right to buy) | 2023-03-01 | A | A | 13,586 | $0.00 | 13,586 | D | $46.15 · — to 2033-03-01 | 13,586 Ordinary Shares | (F5) One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2023. |
| 5 | Derivative | Performance Share Units | 2023-03-01 | M | D | 6,898 | $0.00 | 6,899 | D | — · — to — | 6,898 Ordinary Shares | (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. |