Aravind Padmanabhan - Mar 1, 2024 Form 4 Insider Report for nVent Electric plc (NVT)

Role
EVP & CTO
Signature
/s/ John K. Wilson, Attorney-in-Fact for Aravind Padmanabhan
Stock symbol
NVT
Transactions as of
Mar 1, 2024
Transactions value $
-$15,879
Form type
4
Date filed
3/5/2024, 06:26 PM
Previous filing
Feb 29, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVT Ordinary Shares Options Exercise $0 +3.45K +24.54% $0.00 17.5K Mar 1, 2024 Direct F1
transaction NVT Ordinary Shares Tax liability -$15.9K -231 -1.6% $68.74 14.2K Mar 1, 2024 Direct F2, F3
transaction NVT Ordinary Shares - Restricted Stock Units Award $0 +4K +39.89% $0.00 14K Mar 1, 2024 Direct F4
holding NVT Ordinary Shares - Deferral Plan 54.3K Mar 1, 2024 Plan Agent F3, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NVT Employee Stock Option (right to buy) Award $0 +10.1K $0.00 10.1K Mar 1, 2024 Ordinary Shares 10.1K $68.74 Direct F6, F7
transaction NVT Performance Share Units Options Exercise $0 -3.45K -100% $0.00* 0 Mar 1, 2024 Ordinary Shares 3.45K Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 8.
F2 Shares surrendered to pay taxes applicable to vesting of performance share units.
F3 End-of-period holdings reflect the deferral of vested performance share units.
F4 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.
F5 Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
F6 Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.
F7 One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2024.
F8 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.