Form 4: Eaton Corp. Executive Vice President Olivier Leonetti Reports Stock Transactions
SEC Filing
Olivier Leonetti, Executive Vice President and CFO of Eaton Corporation, reports the acquisition and disposal of ordinary shares and restricted stock units.
Summary
- Olivier Leonetti, an Executive Vice President and CFO at Eaton Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2025, Leonetti acquired 1,161 ordinary shares and disposed of 354 shares at a price of $289.09.
- Following these transactions, Leonetti directly owned 1,437 ordinary shares.
- On March 3, 2025, Leonetti acquired 2,466 ordinary shares and disposed of 837 shares at a price of $289.09.
- Following these transactions, Leonetti directly owned 3,066 ordinary shares.
- Leonetti also transacted in restricted stock units, acquiring 1,161 units on February 28, 2025, and 2,466 units on March 3, 2025.
- After these transactions, Leonetti directly owned 5,008 restricted stock units.
- The restricted stock units vest over three years from the grant date.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| February 28, 2024 | Grant date of restricted stock units vesting over three years. |
| March 1, 2024 | Grant date of restricted stock units vesting over three years. |
| February 28, 2025 | Transaction date for ordinary shares and restricted stock units. |
| March 3, 2025 | Transaction date for ordinary shares and restricted stock units. |
| March 4, 2025 | Date of Form 4 filing. |
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