Form 4: Eaton Corp plc Director, Karenann K Terrell, Reports Acquisition of Restricted Stock Units

Director Karenann K Terrell reports the acquisition of 410 restricted stock units of Eaton Corp plc on August 5, 2024, as compensation for board service.

Summary

• Karenann K Terrell, a director of Eaton Corp plc, filed a Form 4 on August 6, 2024, reporting a transaction.
• On August 5, 2024, Terrell acquired 410 restricted stock units (RSUs) as compensation for her service on the Issuer's Board of Directors.
• These RSUs will vest in their entirety on May 3, 2025, and each RSU represents a contingent right to receive one ordinary share of Eaton Corp plc.
• The price of the restricted stock units was $0.00.
• Following the reported transaction, Terrell directly owns 410 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The granting of restricted stock units to a director can align their interests with those of shareholders.

Key Dates